On the recordMay 11, 2011
My best guess is that the stimulus increased employment.
Source
congress.govMy best guess is that the stimulus increased employment.
Bernanke disagrees with Boehner, asserting that the stimulus created jobs.
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The economy needed help from Congress--if not from additional spending (on roads and bridges for example), then at least in areas such as retraining unemployed workers.
Banks are not going to lend out the reserves at a rate lower than they can earn at the Fed.
We can't defund the police. We need police, but there are concerns about police community relations and police behavior.
Financial risk tends to migrate around regulatory obstacles like a river flows around rocks.