- It takes two years for monetary supply changes to fully propagate through the economy
- Cutting rates to 0% has not been effective in Japan or Europe
The fed does have a role to play here
- They can provide liquidity to the market
- They can serve as a backstop in a time of crisis
DC needs to get their shit together
- Eliminating Trump's tariffs would do more to increase long-term investment than cutting rates to 0%
- They should have created targeted lending program to help businesses that need short-term cash flow assistance yesterday; the next best time to do it is right f*ing now