Wednesday, June 13, 2012

Tight Money Threatens the Economic Outlook

According to Charles Kadlec of Forbes (2012, June 11):
Monetary policy in the US has tightened, inadvertently, but with potentially dire consequences for the economy, employment and the stock market. The source of tight money is a failure of the Fed to act in the face of a surge in the demand for dollars as individuals and corporations shift money balances out of the euro and into the dollar.
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Charles W Kadlec

I am relieved to see that the US Federal Reserve's tight money policies are now being increasingly challenged by some in the media.

Source: Kadlec, C (2012, June 11), Tight Money Threatens The Economic Outlook, Forbes.

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