Political Quotes

Pat Toomey: “Isn't it true as a general matter that very accommodative monetary policy has the tendency, to the extent that it is…”

On the recordMay 21, 2013
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?
Said by
Pat Toomey
Republican · Pennsylvania

Editor's note · Context

Toomey questions the effectiveness of accommodative monetary policy on long-term economic growth.

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