We Must Shift Away From Non-Productive Monetary Stimulus   Recently updated !

The Yahoo News article Bipartisan infrastructure plan: ‘If this is a take it or leave it…I’m going to leave it,’ Rep. DeFazio says has prompted this post.

Pretty good interview with Rep. DeFazio He and other Democrats still haven’t come up with a good answer on inflation. This was better than most, but still not good enough. He could mention that the Fed is already pumping inflation into the non-productive stock market and the hard asset market. He could point out that if we shifted that source of money to go to investments in the future, this will probably stave off any future inflation. In fact it is essential to remove the necessity of the Fed pumping up the stock market by shifting the monetary stimulus of the Fed to a more fiscally oriented stimulus from Congress.

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