Trump in It to Win It His Own Way
Scaremongers
Don't Let America's Biggest Money Managers Play Politics with Your Pension
As Election Approaches, Policy and Party as Important as Personalities
There Is No 'International Law'
Stop the Migrant Invasion
Injustice for All: The Reliance on Cohen’s Testimony Reveals a Desperate Prosecution
Biden Decries a 'Failed Approach to Marijuana' but Sticks With It
Why Is the White House Hiding the Nationalities of Terror Suspects at the...
House Republicans Build Momentum for Election Integrity
The Left Won't Know What Hit Them
Biden Fails to Fire FDIC Chairman for Ten Year History of Overseeing Abuse
More Immigration, More Inflation, More Bankruptcies
Here's When Merrick Garland Will Testify Before the House Judiciary Committee
'Race Is Still Open,' Top Pollster Says
OPINION

Running Out of Options on Economic Policy

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
Advertisement
Advertisement
Advertisement
As stimuli wane and the economy flags, disappointment or danger could loom.

"All in." That's when poker players have all their chips in the pot, betting all they have left on this one hand, which they hope won't be their last.

Advertisement

"All in" pretty well describes the state of U.S. fiscal and monetary policy. The Federal Reserve is throwing in its last chips out of the $600 billion allocated for purchases of Treasury securities, the second phase of so-called quantitative easing dubbed QE2. The federal government meanwhile has run up the budget deficit to $1.5 trillion annually, equal to 10% of the U.S. economy, a level previously only seen in wartime.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos