1 thought on “Did the Federal Reserve cause Trump?”

  1. Posted 08/04/2017 at 15:55 | Permalink

    I have always held the view that undue tight monetary policy leading to recessions and then to anti-free-market policies has been a recurring tragedy in the last 100 years.
    So I’m very glad about this paper. Ensuring that Aggregate Demand (= Nominal Spending = NGDP) remains stable is the way to make the world safe for Laissez Faire Capitalism.

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