Yes, Of Course Larry Kudlow Is For QE Now and Was Against It When Obama Was President. Why Would You Think Otherwise?
A question: Benedict Trump: @ProtectronArmy: "I wonder if Kudlow was pro or con QE when Obama was President...
I answer: He was against QE when Obama was President. Why would you think otherwise?:
Brad DeLong: @delong: Kudlow was against QE under Obama: The zero-interest-rate target will unfortunately remain in place much longer—until unemployment goes to 6.5 percent or less. Given rising tax and regulatory threats from Washington, and the job-stopping Obamacare regulations and mandates, unemployment may be sticky on the downside. But the big news is that the Fed may stop growing its balance sheet sooner than most market people expect. As someone who is totally uncomfortable with the Fed’s $4 trillion balance sheet and reserve-creation process, I welcome
Larry Kudlow (2013): https://t.co/U85MOHlB73: The zero-interest-rate target will unfortunately remain in place much longer—until unemployment goes to 6.5 percent or less. Given rising tax and regulatory threats from Washington, and the job-stopping Obamacare regulations and mandates, unemployment may be sticky on the downside. But the big news is that the Fed may stop growing its balance sheet sooner than most market people expect. As someone who is totally uncomfortable with the Fed’s $4 trillion balance sheet and reserve-creation process, I welcome the news. The central bank is listening to its critics, both inside and out...
They have no morals and no shame.
#journamalism #orangehairedbaboons #economicsgonewrong
