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dow jones
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<blockquote data-quote="Next Day Err" data-source="post: 6081071" data-attributes="member: 107379"><p>Of course. We have a boom-bust cycle built into our financial system. There’s no getting away from it.</p><p></p><p>Look at inflation in the years after 2007. It was a real chore for the Fed to get us to 2% inflation and full employment. Fiscal policy was strangled. You might be able to guess who strangled it if you’re honest.</p><p></p><p>It took 16 full years for median incomes to recover. The Fed was doing the heavy lifting trying to spur the economy on the monetary policy side. Congress was too busy playing politics to really work together on the fiscal policy side. Same old story.</p></blockquote><p></p>
[QUOTE="Next Day Err, post: 6081071, member: 107379"] Of course. We have a boom-bust cycle built into our financial system. There’s no getting away from it. Look at inflation in the years after 2007. It was a real chore for the Fed to get us to 2% inflation and full employment. Fiscal policy was strangled. You might be able to guess who strangled it if you’re honest. It took 16 full years for median incomes to recover. The Fed was doing the heavy lifting trying to spur the economy on the monetary policy side. Congress was too busy playing politics to really work together on the fiscal policy side. Same old story. [/QUOTE]
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