http://www.apostlesandmarkets.com Christianity and Economics Wed, 18 Aug 2010 18:20:04 +0000 http://wordpress.org/?v=2.9 en hourly 1 http://www.apostlesandmarkets.com/2008/12/16/between-a-liquidity-trap-and-stimulus-hard-place/ http://www.apostlesandmarkets.com/2008/12/16/between-a-liquidity-trap-and-stimulus-hard-place/#comments Tue, 16 Dec 2008 19:50:18 +0000 Stephen J. Haessler http://www.apostlesandmarkets.com/?p=561
To borrow a frequently uttered and painfully obvious observation from Everett, George Clooney’s character in the film “O Brother, Where Art Thou,” we’re in a tight spot. But so are economic policy makers. On the one hand, the federal funds rate is now so low that further interest rate cuts designed to encourage lending and investment, like the Fed’s historic action [...]]]> http://www.apostlesandmarkets.com/2008/12/16/between-a-liquidity-trap-and-stimulus-hard-place/feed/ 0