Philadelphia Federal Reserve President Charles Plosser is Right to be Worried
The dangers of relying on printing money to solve economic problems led Charles Plosser to become more vocal. He argued that “The best thing the U.S. can do for the global economy is have a strong economy itself…over the longer run that will make for a much healthily world economy.” Returning as fast as possible to a sounder monetary policy is a must, but to increase the strength of the US economy reducing government spending and changing course on regulations is a must. For more check this post.
