I think some of us made statements to this effect, but were looked - TopicsExpress

Paull Cudak

I think some of us made statements to this effect, but were looked upon as idiots, NOW FROM THE MOUTHS OF THE IDIOTS the rest listened to. The housing market can contribute nearly 20 percent to gross domestic product when its humming along, but excessive home borrowing and the subsequent overheating of the housing market got the American economy into such trouble in the first place. So instead of policies meant to boost home buying, Blyth and Lonergan contend the Federal Reserve should instead give money directly to people. For the trillions already doled out to the financial sector via those “quantitative easing” asset purchases, every family in America could have been on the receiving end of $56,000. The result, the authors contend, would be an economic boost fueled not by re-inflating the housing market but by consumer spending, which accounts for nearly 70 percent of Americas GDP. finance.yahoo/news/instead-qe-fed-could-given-094500275.html

Posted on: Thu, 18 Sep 2014 13:16:18 +0000

I think some of us made statements to this effect, but were looked - TopicsExpress

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