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The Humphrey-Hawkins law specifically calls for full employment at low inflation, and the low inflation part is why the additional money being pumped into the system goes into the system as loans.

But loans are a real bugaboo in deflationary depression times, which is why they aren't really working since about 2006-2007, and that is ultimately the point of everything I bring up on this website, it is what all of it leads to, that trying to do lots of loans when the economy does not want to stay up anymore is ultimately a really big problem for the economy.