Totally up all of this stimulus, the Fed has pumped somewhere - TopicsExpress



          

Totally up all of this stimulus, the Fed has pumped somewhere around $1.7 -- $2 trillion into the economy over the last three years. At the end of 2010, current-dollar GDP was $14.6 trillion. The Commerce Department reported Thursday that current-dollar GDP is now $17.1 trillion. In other words, the Fed stimulus program accounts for almost all growth in economic output for the last three years. Keep in mind, those figures are in current-dollars, which dont account for inflation since 2010. Absent the Feds money-printing machine, there has been no real growth in the economy for the past three years.
Posted on: Thu, 31 Jul 2014 00:15:06 +0000

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