The Traderszone Network

Published in TZ Latest News 1 March, 2017 by The TZ Newswire Staff

The Fed’s Dependence On The Consumer Will Backfire

Via C.Jay Engel of The Mises Institute,

The story is that it is consumers that are going “to push the economy to grow more than 2 percent this year.” That’s Dallas Fed President Robert Kaplan’s recently expressed view. It’s the old fallacy of spending — rather than saving — our way into growth.

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