Filed under: Economy
New York Times (NYT) columnist Paul Krugman (pictured), an economist by training, an Ivy League academic by profession, and no stranger to bold proposals, has offered another big idea, recommending that the U.S. Federal Reserve double its already record-high balance sheet. Krugman wants the Fed to buy another $2 trillion in assets to make more credit available, something Krugman argues will help the U.S. economy grow faster and create more jobs, which the nation really needs. Currently, the Fed's balance sheet is $2.17 trillion.
Continue reading Should the Fed spend $2 trillion more to jump start job creation?
Should the Fed spend $2 trillion more to jump start job creation? originally appeared on DailyFinance on Mon, 14 Dec 2009 16:30:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments
Read More... [Source: DailyFinance]
0 comments