New Fed stimulus: the eve of decision day

Author: Chris Marcus

As Austrian economist Ludwig von Mises pointed out decades ago, the deeper the central bank gets into the inflationary cycle, the more the law of diminishing returns applies. We have reached this point as even the unprecedented accommodative conditions put in place by the Fed over the past few years are creating less and less artificial growth each time. This is why the Fed is likely thinking at this point that if they really want to stimulate the economy, it is going to take something stronger. The market has been following closely and is waiting for them to deliver.

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