tag:blogger.com,1999:blog-8897997766931633186.post2319497863714219083..comments2024-02-14T03:21:37.506-05:00Comments on Monetary Freedom: Fiscal Policy 2Bill Woolseyhttp://www.blogger.com/profile/06330232724290161369noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8897997766931633186.post-72539053556435064082015-10-21T12:07:30.649-04:002015-10-21T12:07:30.649-04:00I will like to say thank you so much for sharing s...I will like to say thank you so much for sharing such great info, it is so useful for new comers to be aware of all these factors because it helps us trade better, I am extremely lucky that I have everything perfect whether it’s with this lovely site or with my broker OctaFX, it’s an true ECN broker with been regulated as well while they too provide me daily market updates which I can follow easily and it is absolutely free.Harbarnoreply@blogger.comtag:blogger.com,1999:blog-8897997766931633186.post-85360664313546313942013-01-01T00:44:50.323-05:002013-01-01T00:44:50.323-05:00Nice blogging.
In general, I concur that monetary...Nice blogging.<br /><br />In general, I concur that monetary policy is the right tool for stimulating or keeping economic growth on path.<br /><br />Government outlays should the the smallest possible, for those things we know government should do, roads, police etc. <br /><br />That said, and pondering the Europe situation, I have concluded there is another role for fiscal policy---mini, intranational regional stabilization.<br /><br />Okay, what does that mean? Let's look at Europe, and its "one size fits all monetary policy." It doesn't work. Greece needs to print money to the moon. But it can't. (Yes, Greece needs to balance its budget too). <br /><br />If you like Europe, how about a global monetary authority? But we know what would happen: It would be too tight for some regions and too loose for others.<br /><br />Back to the USA. Some regions are booming---North Dakota---and do not need stimulus. Others are dying on the vine. We have a "one size fits all" monetary policy, though.<br /><br />Okay, so we can use the federal budget to spend in depressed areas to make a proper monetary policy more bearable for those depressed areas.<br /><br />Of course, this would never work in real life. Oddly enough, what the federal budget does every year is heavily subsidize rural areas, one of the secrets of the budget. States like North Dakota are probably getting north of $6k per capita in excess federal spending over receipts. <br /><br />But, in theory, using fiscal outlays to make a national "one size fits all" monetary policy work more humanely is a nice idea. Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com