The clam has taught us that there are many tools and silver bullets, well maybe not silver; but extremely high caliber, for the fed and treasury to use. The hopes are to kick the can down the road and hope, pray, and find new tools to combat the economic malaise plaguing our world.
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interestingly dodd frank did give the clam a few more tools… including some capacity for fiscal stimulus.
he’s the one thing we have going for us as a world…