Of course, he did. ARE YOU SO COMPLETELY IGNORANT OF THE TOOLS OF MACROECONOMICS THAT YOU DON'T UNDERSTAND HOW MONETARY POLICY CAN WORK IN CONCERT WITH FISCAL POLICY? What would you have suggested the Fed do?The Stock Market went up because Bernanke printed trillions of dollars and threw it into Wall Street with Obama's blessing. Don't tell us you don't know about this, because even the Mainstream Media knew about this.
Poor ol’ rouge the rube has never responded to my answer to his excellent question:“Is there a cause and effect relationship between the unprecedented creation of WEALTH in the United States since March 2009, and the policies of the current administration?”= The answer I gave is:“RESOUNDINGLY YES!!”“The G in the Keynesian macro algorithm is ≥ [equal to or greater than]$1TRILLION,WHILE THE FIRST DERIVATIVE OF THE M FUNCTION (M1+M2+M3)IS POSITIVE. How could there be anything but enormous WEALTH CREATION with this economic program even as inflation has remained a non-issue and the United States has the highest creditworthiness in its 224-year history? Thank you for asking.”==== The Class hopes that ol’ rouge the rube will respond with an intelligent answer worthy of Econometrica.
What do you think it means that "THE FIRST DERIVATIVE OF THE M FUNCTION (M1+M2+M3)IS POSITIVE?"