“The U.S. economy… is deeply tied to the stock market, creating a strong incentive for policymakers to support equities rather than risk a drop in [tax] revenues from falling asset prices.”
I collaborated with Sam Callahan to publish a research report on fiscal dominance:
https://www.lynalden.com/full-steam-ahead-all-aboard-fiscal-dominance/
“The U.S. economy… is deeply tied to the stock market, creating a strong incentive for policymakers to support equities rather than risk a drop in [tax] revenues from falling asset prices.”
No replies yet.