[maciejkack]

"Here’s what the Fed cannot do:

1. It cannot force any enterprise or person to borrow more money.

2. It cannot differentiate between productive investments and financial speculation/malinvestments.

... 3. It cannot distribute money to households by dropping cash from helicopters; all it can do is make money available to banks.

Since it can’t do any of these, its powers in the real economy are severely limited."

#ekonomia #fed