Tennessee Valley Authority


Old fashioned economic stimulus has a new name for the twenty-first century. Concepts such as Keynesianism, state intervention and pump priming have been replaced by quantitative easing. According to Bob McTeer, quantitative easing is “different from traditional monetary policy only in its magnitude and pre-announcement of amount and timing.” And if we accept quantitative easing is not so very far removed from traditional monetary policy, it […]

A stimulating proposition