Fed officials
agreed that the tax cuts and spending bill are likely to boost economic growth but it «s unusual for the
economy to receive such a
big fiscal stimulus at a time when it «s already operating either at or near its potential.
Bluford Putnam, managing director and chief economist at CME Group, the world's
biggest futures market operator,
agreed that the Fed's near - zero interest rates and bond purchases helped stabilize financial markets and bolstered the
economy — but only for a while.
Hillary Clinton
Agrees, N.Y. Times (Oct. 4, 2016), http://www.nytimes.com/2016/10/05/upshot/lib eral-economists-think-
big-companies-are-too-powerful-hillary-clinton-
agrees.html [http://perma.cc/WXA9-RX2J]; Hillary Clinton's Vision for an
Economy Where Our Businesses, Our Workers, and Our Consumers Grow and Prosper Together, Hillary Clinton, http://www.hillaryclinton.com/briefing/factsheets/2016/10/03/hillary-clintons - vision - for - an - economy - where - our - businesses - our - workers - and - our - consumers - grow - and - pros per - together [http://perma.cc/2EHG-PT9Z](«Promote Free and Fair Competition and Stopping Big Businesses from Hurting Small Businesses&r
Economy Where Our Businesses, Our Workers, and Our Consumers Grow and Prosper Together, Hillary Clinton, http://www.hillaryclinton.com/briefing/factsheets/2016/10/03/hillary-clintons - vision - for - an -
economy - where - our - businesses - our - workers - and - our - consumers - grow - and - pros per - together [http://perma.cc/2EHG-PT9Z](«Promote Free and Fair Competition and Stopping Big Businesses from Hurting Small Businesses&r
economy - where - our - businesses - our - workers - and - our - consumers - grow - and - pros per - together [http://perma.cc/2EHG-PT9Z](«Promote Free and Fair Competition and Stopping
Big Businesses from Hurting Small Businesses»).
While I
agree that (unlimited) compound interest that it is a
big problem for the
economy and need to be reformed, fiat money on the other side it is one of the major tools that prevented today's recession to become a another Great Depression.