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Note to Self: John Maynard Keynes Was a Quantitative Easing Skeptic

John Maynard Keynes (1936): The General Theory of Employment, Interest and Money by John Maynard Keynes: “A moderate increase in the quantity of money…

…may exert an inadequate influence over the long-term rate of interest [to restore full employment], whilst an immoderate increase may offset its other advantages by its disturbing effect on confidence…

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Note to Self: John Maynard Keynes Was a Quantitative Easing Skeptic

July 2, 2015

July 2, 2015

U.S. economic mobility trends and outcomes

U.S. income and wealth inequality are no longer increasing, but a return to the equitable levels of the mid-20th century isn’t likely anytime soon