Tumblr Icon RSS Icon

Why We Need More Money

By Matthew Yglesias on November 15, 2010 at 10:38 am

"Why We Need More Money"

Share:

google plus icon

I saw this on the FT earlier today:

Münchau is, quite clearly, correct. Only fiscal integration can make this work. Equally clearly, that’s not going to happen. So if you look at these headlines and respond, what you’re going to do is become more inclined to have dollars. In light of the chaos, money and money-like instruments looks better than less liquid assets and dollars look better than euros. Which means the United States needs a more expansionary monetary policy in response.

‹ PREVIOUS
Monetary Mysteries

NEXT ›
Orszag on Simpson-Bowles on Social Security

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.