Donald Trump Neuters His Proposed Tax Cuts With Big Tax Increases

August 29, 2016

August 29, 2016

In a recent op-ed for the Wall Street Journal, Morgan Stanley MS +0.61% economist Ruchir Sharma addressed the Federal Reserve’s quantitative easing (QE) program, and in particular the central bank’s efforts to “inject dollars” into the U.S. economy. Sharma observed that the Fed’s attempts weren’t of much consequence.  As he pointed out, “tens of billions of dollars flowed out of the country every month.” The “country” he referred to was the U.S. in which those dollars were intended for.  Read more

Source: forbes.com