Can you have a free lunch? In his most recent blog post, Ethan Penner tries to reconcile the Fed’s easy monetary policy, the multiple U.S. bailouts and a turbulent international environment with an optimistic economic outlook. He calls for projections for 2014 and asks if, in fact, we really are getting away with having our lunch for free.
Also discussed in the post:
- The aftermath of bailouts for Fannie Mae, Freddie Mac and the auto industry.
- What has $3 trillion in loose Fed money actually produced?
- The key stresses on the largest global economies.