{"id":28050,"date":"2017-11-16T19:26:42","date_gmt":"2017-11-17T00:26:42","guid":{"rendered":"http:\/\/olduvai.ca\/?p=28050"},"modified":"2017-11-16T19:26:42","modified_gmt":"2017-11-17T00:26:42","slug":"fed-hints-during-next-recession-it-will-roll-out-income-targeting-nirp","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=28050","title":{"rendered":"Fed Hints During Next Recession It Will Roll Out Income Targeting, NIRP"},"content":{"rendered":"

Fed Hints During Next Recession It Will Roll Out Income Targeting, NIRP<\/a><\/h3>\n
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In a moment of rare insight, two weeks ago in response to a question “Why is establishment media romanticizing communism? Authoritarianism, poverty, starvation, secret police, murder, mass incarceration? WTF?”, <\/em>we said that this was simply a “prelude to central bank funded universal income”, or in other words, Fed-funded and guaranteed cash for everyone.<\/p>\n

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is-deciderHtmlWhitespace\" cite=\"https:\/\/twitter.com\/lizzie363\/status\/925314738044538880\" data-tweet-id=\"925314738044538880\"><\/p>\n
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\"\"<\/span>Lizzy<\/span> @lizzie363<\/span><\/a><\/div>\n<\/div>\n
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Why is establishment media romanticizing communism? Authoritarianism, poverty, starvation, secret police, murder, mass incarceration? WTF?<\/p>\n<\/div>\n<\/blockquote>\n<\/div>\n

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\"\"<\/span>zerohedge<\/span> @zerohedge<\/span><\/a><\/div>\n<\/div>\n<\/div>\n
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prelude to central\u00a0bank funded universal income<\/p>\n

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On Thursday afternoon, in a stark warning of what’s to come, San Francisco Fed President John Williams confirmed our suspicions when he said that to fight the next recession, global central bankers will be forced to come up with a whole new toolkit of “solutions”, as simply cutting interest rates won’t well, cut it <\/em>anymore, and in addition to more QE and forward guidance – both of which were used widely in the last recession – the Fed may have to use negative interest rates, as well as untried tools including so-called price-level targeting or nominal-income targeting.<\/strong><\/p>\n

The bolded is a tacit admission that as a result of the aging workforce and the dramatic slack which still remains in the labor force, the US central bank will have to take drastic steps to preserve social order and cohesion.<\/p>\n

According to Williams’, Reuters reports<\/a>, central bankers should take this moment of \u201crelative economic calm\u201d to rethink their approach to monetary policy. Others have echoed Williams’ implicit admission that as a result of 9 years of Fed attempts to stimulate the economy – yet merely ending up with the biggest asset bubble in history – the US finds itself in a dead economic end, such as Chicago Fed Bank President Charles Evans, who recently urged a strategy review at the Fed, but Williams\u2019 call for a worldwide review is considerably more ambitious.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Fed Hints During Next Recession It Will Roll Out Income Targeting, NIRP In a moment of rare insight, two weeks ago in response to a question “Why is establishment media romanticizing communism? Authoritarianism, poverty, starvation, secret police, murder, mass incarceration? WTF?”, we said that this was simply a “prelude to central bank funded universal income”, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[303,17068,1154,534,1389,1264,3650,4318],"class_list":["post-28050","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-fed","tag-income-targeting","tag-interest-rate-policy","tag-monetary-policy","tag-nirp","tag-recession","tag-us-federal-reserve","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28050"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28050\/revisions"}],"predecessor-version":[{"id":28051,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28050\/revisions\/28051"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}