Allan H. Meltzer: Four Reasons Keynesians Keep Getting It Wrong - WSJ.com
From my own conversations with people, a key stumbling block that needs removal is the regulations and regulatory environment that has effectively neutered the banking system.
Sure there are low rates, but no one except those who fit within the definitions of acceptable risk from Washington politicians and regulators can qualify.
Thus, the powerful job creating engine of small entrepreneurs and businesses has effectively been shut down.
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