Jeb Bush the populist

In his “I´m a candidate” speech, Jeb Bush said:

“There is not a reason in the world why we cannot grow at a rate of 4 percent a year,” Bush said as he formally announced his presidential bid in Miami. “And that will be my goal as president — 4 percent growth, and the 19 million new jobs that come with it.”

To do that, he would first have to “recruit” the Fed. Unfortunately, if the Fed acquiesced bad things would happen.

But we see from the chart below that the Fed could help any President if it decided to undo the monetary f-up it perpetrated earlier. But almost everyone has bought the “house bubble-burst – financial crisis – demographic – great stagnation story! Plus, the Fed is “unaware” that it messed-up and is on the verge of doing an encore!

US Monetary policy

About the Author

Marcus Nunes
João Marcus Marinho Nunes is a partner of Phynance Estratégias Quantitativas e Investimentos and a professor of Economics at Fundação Getúlio Vargas in São Paulo, Brazil. He also blogs here: http://thefaintofheart.wordpress.com/

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