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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: SwampDogg who wrote (54260)	8/28/2016 12:35:57 PM
From: daveinmarinca	Read Replies (1) \| Respond to of 60903

J-hole meetings continued all day Saturday......DrudgeReport headline this morning.... <https://ca.news.yahoo.com/global-central-bankers-stuck-zero-unite-plea-help-123135496--business.html> In a lunch address by Princeton University economist Christopher Sims, policymakers were told that it may take a massive program, large enough even to shock taxpayers into a different, inflationary view of the future. "Fiscal expansion can replace ineffective monetary policy at the zero lower bound," Sims said. "It requires deficits aimed at, and conditioned on, generating inflation. The deficits must be seen as financed by future inflation, not future taxes or spending cuts." It was not clear whether such ideas will catch on. But there was a broad sense here that the other side of government may need to up its game. Tyler confirms <http://www.zerohedge.com/news/2016-08-28/jackson-hole-post-mortem-it-may-take-massive-program-large-enough-shock-taxpayers>