The Fed’s Dependence on the Consumer Will Backfire

The Fed’s Dependence on the Consumer Will Backfire

mises.org / C.Jay Engel / March 1, 2017

The story is that it is consumers that are going “to push the economy to grow more than 2 percent this year.” That’s Dallas Fed President Robert Kaplan’s recently expressed view. It’s the old fallacy of spending — rather than saving — our way into growth.

March 01, 2017 at 09:10AM