Carolina QuotesHere is the Lehman Brothers, 2008... the assets of the Federal Reserve is under $1 trillion... and within weeks you have more than a doubling of the assets of the Federal Reserve, and then comes quantitative easing 2 and... 3 and by that time you're at $4 1/2 trillion... and then... comes the Covid crisis and we're up to $7 trillion. Now... that kind of a Capitalism is unsustainable. ...[N]o wonder that there is asset inflation as a consequence... and the stock market went through the roof.
John Komlos Connected to the Carolinas
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No citation is recorded for this quotation.
- work
- A Progressive View on the Need for a Paradigm Shift in Economics (Dec 2020)
- year
- 2020
no citation recorded
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“Here is the Lehman Brothers, 2008... the assets of the Feder…” John Komlos. Carolina Quotes, record CQ-1B6200938A. https://carolinaquotes.com/quote/1b6200938a
More from John Komlos
[W]e should begin... economic analysis with empirical evidence instead rather than on ivory-tower theorizing.
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The ideological commitment to "market fundamentalism," ...has brought us to our current, precarious situation.