Here’s something from the Wall Street Journal that’ll ruffle a few feathers … Lousy Economic Growth Is a Choice, Not an Inevitability
- The Federal Reserve has done a lot, more than some Fed policymakers would have liked, not enough for its critics. But fiscal policy in the U.S. at the local, state and federal levels has been a restraint on growth.
- Matters are even worse in Europe. Mario Draghi is stepping up his efforts at the European Central Bank with resistance from Germany … “For governments that have fiscal space, then of course it makes sense to use it. You decide to which country this sentence applies.”
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ps. Draghi speaks in the European morning. I expect more of the same from him.
