Yet again, earnings aren't keeping up with inflation, and the Fed is feeling political pressure. But can the economy survive any serious move toward ending massive stimulus?
Any discussion of money and banking in the United States post-1945 starts with introducing its two central features: the Bretton Woods System and the New Deal.
Since GDP is expressed in dollar terms, the so-called real GDP fluctuations are in response to the fluctuations in the quantity of dollars pumped into the economy.
