Shootout at Jackson Hole and Obama’s Economic Plan [Reader Post]
This Friday, Chairman Bernanke will address the attendees at the conference at Jackson Hole. The question is … what will he say?
Let’s start with the evidence. The M1 Money Multiplier has collapse and M2 Money Velocity is looking peevish as well. Thus, increasing the money supply will be ineffective since banks are still nervous about lending to consumers.