If you call running up a $2T a year QE induced blank check a good job, then well.......
The government ran up $8 trillion in debt prior to 2008 with no help from the FED. If irresponsible congressmen want to spend, they’re going to spend FED or no FED.
The FED only got involved because unemployment soared, which is what they are supposed to do. That’s their legal mandate.
The government ran up $8 trillion in debt prior to 2008 with no help from the FED. If irresponsible congressmen want to spend, they’re going to spend FED or no FED.
The FED only got involved because unemployment soared, which is what they are supposed to do. That’s their legal mandate.