Consider for example a tax cut for households and businesses that is explicitly coupled with incremental BOJ [Bank of Japan] purchases of government debt ... Isn't it irresponsible to recommend a tax cut, given the poor state of Japanese public finances? To the contrary... nothing would help reduce Japan's fiscal woes more than healthy growth in nominal GDP.He is also one of the few Fed Governor's to regularly muse about the dangers of deflation, which I think could be an issue some time late this decade or next.
On the other hand, according to Don Luskin, Paul Krugman (a significantly left of center economist) likes him, so I figure Bernanke should be popular with just about everybody.
Category: cat_useconomy
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