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- May 5, 2019
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President of the United States of America Donald Trump has called today for the Fed to reduce rates to zero or below. Meanwhile, that fount of 'conservative' wisdom, Mr. Rush Limbaugh, has been going on at length over how well the economy is doing.
One or perhaps both of them do not subscribe to the basic Keynesian concept of the relation of government borrowing/interest rates to the state of the economy. I must admit that a desultory search by this humble citizen did not turn up any information on the formal economic training background of either of them.
One or perhaps both of them do not subscribe to the basic Keynesian concept of the relation of government borrowing/interest rates to the state of the economy. I must admit that a desultory search by this humble citizen did not turn up any information on the formal economic training background of either of them.