Paul Krugman: Give Jobs a ChanceQuicklink submitted by Sheila Samples Permalink
Become a Fan
|Purchases -- especially purchases of government debt -- are, in the end, not very effective. There's a fair bit of evidence in support of that belief, and for the view that the most effective thing the Fed can do is signal that it plans to keep short-term rates, which it really does control, low for a very long time. So my message is, don't do it. Don't taper, don't tighten, until you can see the whites of inflation's eyes. Give jobs a chance.|
The time limit for entering new comments on this Quicklink has expired.
This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.