For the record. I expect Donald Trump to flip on this position if he becomes president
But as of now, he told CNBC, that interest rates have been kept low “because she’s [Yellen] obviously political and doing what Obama wants her to do...what they [the Fed] are doing is, I believe, it’s a false market. Money is essentially free."
In a May 18 interview with Reuters, he said he was “not an enemy” of the Fed and “not a person that thinks Janet Yellen is doing a bad job.”
“I happen to be a low-interest rate person unless inflation rears its ugly head, which can happen at some point,” he added.
“I happen to be a low-interest rate person unless inflation rears its ugly head, which can happen at some point,” he added.
-RW
The failure of Austrians to get their message out starts with the failure to mention EVERY TIME that the market does not require or lack "momentum" and that therefore there is never any need for "stimulus" which only distorts and creates unsustainable prices. The statists treat that argument like a Kryptonite house at the end of the block and they will never get close to it. When pressed repeatedly on that point, their heads will explode just like the scammers that Tom Woods exposed.
ReplyDeleteFrom that interview, Trump: "Any increase at all will be a very, very small increase because they want to keep the market up so Obama goes out and let the new guy ... raise interest rates ... and watch what happens in the stock market."
ReplyDeleteTrump thinks money is still "essentially free"? Hmmm... where have I heard that before?
Pure Austrian-lite.
Doesn't he know that the Fed "raised rates" in December and that the economy is "booming" so the Fed will do so again "imminently" leading to another "leg up" in the market? Geez. Get him a subscription to the EPJ Daily Alert, stat!