Isn't it true as a general matter that very accommodative monetary policy has the tendency, to the extent that it is successful at all, to bring economic activity that would otherwise occur in the future closer to the present day, rather than to increase the total amount of economic activity that occurs over the long run?
Toomey questions the effectiveness of accommodative monetary policy on long-term economic growth.
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Paychecks are not keeping up with rising prices. After adjusting for inflation, wages have declined 5 percent since President Biden took office.
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Democrats' wasteful spending, growth-killing regulation and excessively accommodative monetary policy are exactly what led to 40-year high inflation.
I think that there are a number of ways that you can go about creating a regulatory regime to take account of that risk.
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