Why fiscal stimulus and modern monetary theory are financial follies

17 October 2019

 

Sponsored Content By Gary Herbert, Portfolio Manager and Head of Global Credit, Brandywine Global   Those of us of a certain age can remember watching Saturday afternoon black and white reruns of Laurel and Hardy films. Invariably, after a series of laughable misunderstandings and comic mistakes Hardy would lament to sidekick Laurel, “Well, here’s another nice mess you’ve gotten me into!” Well, today’s Federal Reserve (Fed) reminds me of the...

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