Finally, a post that is not about Trump!
When central banks do QE, asset markets respond as if it’s mildly stimulative. But the overall effect is usually too little to hit the central bank’s target.
So do more!
Which reminds me that Mitt Romney’s recent speech seemed to (briefly) knock 10 points off Trump’s betting odds to win the nomination, but still left him the favorite.
So do more!
Have 95% of GOP Congressman and Senators get together and trash him. Have the WSJ, National Review, Weekly Standard and other conservative outlets say they’ll endorse Hillary if Trump gets the nomination. Just keep doing more until Trump is stopped. And if you fail, then at least it was heroically. Imagine if you don’t even try, and Trump tarnishes what little luster is left on the GOP’s reputation.
And speaking of Trump, Here’s Tyler Cowen quoting Ben Sasse:
Read Ben Sasse:
Statements from Trump: ***“We’re going to open up libel laws and we’re going to have people sue you like you’ve never got sued before.” ***“When the students poured into Tiananmen Square, the Chinese government almost blew it. They were vicious, they were horrible, but they put it down with strength. That shows you the power of strength. Our country is right now perceived as weak…” ***Putin, who has killed journalists and is pillaging Ukraine, is a great leader. ***The editor of National Review “should not be allowed on TV and the FCC should fine him.” ***On whether he will use executive orders to end-run Congress, as President Obama has illegally done: “I won’t refuse it. I’m going to do a lot of things.” “I mean, he’s led the way, to be honest with you.” ***“Sixty-eight percent would not leave under any circumstance. I think that means murder. It think it means anything.” ***On the internet: “I would certainly be open to closing areas” of it. ***His lawyers to people selling anti-Trump t-shirts: “Mr. Trump considers this to be a very serious matter and has authorized our legal team to take all necessary and appropriate actions to bring an immediate halt…” ***Similar threatening legal letters to competing campaigns running ads about his record.
And on it goes…
Is fear of regulatory reprisal from a Trump administration so unrealistic? I don’t think so.
And Nick Gillespie points out that the GOP created the Trumpenstein monster.
Maybe I’m grasping at straws, but this makes me a bit hopeful:
While still holding out dim hope that Sen. Marco Rubio (R-FL) can somehow deny Trump an outright majority of the delegates heading into this summer’s Republican National Convention, McConnell is preparing his colleagues for the strong possibility that Trump will be their party’s nominee. If that’s the case, then McConnell is advising endangered GOP Senate candidates to run negative ads against Trump “to create space between him and Republican senators seeking reelection.”
And check out this great John Oliver video, which utterly destroys Donald Drumpf.
Please insure that all comments are thoughtful, wise and dispassionate. And please focus your comments on the main topic of this post—Quantitative Easing.
PS. Oops, today’s Trump-free post is actually over at Econlog.