The fate of this bull market
Is there even a difference between fiscal and monetary stimulus?
Stimulus provides liquidity that drives economic activity and inflation of goods, services and asset prices. It’s secondary whether this stimulus is monetary or fiscal in nature. Both accomplish the same job in similar ways.
While monetary stimulus was crucial for the 2010s bull market, it appears as if fiscal stimulus will be more relevant for the 2020s…
Keep reading with a 7-day free trial
Subscribe to Fallacy Alarm to keep reading this post and get 7 days of free access to the full post archives.