Nice metaphor

Neil Irwin explains the current dilemma faced by the Fed by extending a metaphor promoted by guest host Christopher Hayes on Monday’s episode of The Rachel Maddow Show: The Fed is in charge of watering the fields but has exhausted its usual reservoir system.  Anything new will be risky and the Fed leaders tend to be conservative about risk.

At this point, the economy is so anemic we should probably be considering nuclear-fueled desalinization plants (whatever their fiscal equivalent would be)…

This entry was posted in politics. Bookmark the permalink.