The latest move by the Federal Reserve, to allow some inflation of the currency supply, is intended to open a small window of relief to people who have felt squeezed by the economy. The question, however, is whether, once unleashed, the small window of cash availability can counter-balance the pressure of a rapid consumer goods inflation. This question is all-the-more important because so many people have dropped out of the work-force and many more are simply not in any formal pipe-line to receive assistance or benefit from a tax jubilee.
The up-is-down, down-is-up, nature of the economy circa 2016 makes conventional policy formulations irrelevant. Solutions posed by Democrats, Republicans and, indeed, Libertarians are missing the mark in a big way. People want to hear new solutions to an economy dominated by huge debt and looming deflation.