Ice cubes and water.... PERFECT ANALOGY!Simonjester wrote:we certainly have had plenty of long threads over that confusion...Gumby wrote:
The problem, in my mind, is when people confuse fiscal policies with monetary policies and try to use that confusion to point out the dangers of large fiscal policies. The two policies are completely different animals. One is adding ice cubes to a glass, the other is just melting existing ice cubes in a glass (i.e. making them more liquid).
Even works with "liquidity!"