I hesitate to put this up, surely it is a satire or hoax. But I think these folks are serious.
They are going to take all that "excess" liquidity, and make the world better.
Starting with the financial collapse and Great Recession of 2008-09, the U.S. economy has been experiencing the most severe and protracted employment crisis since the 1930s Depression. As the employment crisis has proceeded, U.S. commercial banks and large nonfinancial corporations have been building up huge hoards of cash and other liquid assets. This study examines the impact on job creation of mobilizing these excess liquid assets into productive investments within the U.S. economy over the next three years.
Discuss.
(Nod to @milesoftrials )
2 comments:
This is far too complicated.
My plan is for the treasury to confiscate all the excess reserves, and have Santa to bring every household a check for $5000.
Could I get a grant for my study? Or maybe a NYT column?
The Fed printing discounted money removes(prevents?) the market incentive for real money to find the highest return.
The Fed money distortion seems could be the biggest drag on the economy.
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