
bankers against Biden's fiscal plan could really do with some proper fact-checking before sending their op-ed to the FT.
We all understand 'it's ideology, stupid!', but no excuse for lazy arguments.

Incidentally, unconventional monetary policy through which central banks basically rescued banks after they nearly destroyed the global financial system in 2008

I cant think of a more productivity-enhancing outlay for 10bn of public funds.


to blame government spending, instead of the Morgan Stanleys of this world, for monetary policy is, let's say, a bit rich

it's on par with Erdogan's 'high-interest rate cabal'

More from Biden
"Ban" is a verb meaning to "officially or legally prohibit" something. If the Biden administration is not approving new fracking permits, how is that not "officially or legally prohibiting" new fracking permits?
The economy is bleeding, and the Biden administration's response is to cripple one of the few industries that has been consistently employing people throughout this crisis.
But, his allies in the media don't want him to take that PR hit, so they run cover and play word games. Biden's exact words were "We are not going to ban fracking. Period." The "Period." there would imply that ANY ban is off the table.
If you are going to prohibit via executive order - which is nothing more than a law passed outside of the normal legislative process - anything, you are "legally" prohibiting it. There are legal consequences to violating that regulation.
So yes, definitionally, Biden has "legally prohibited" fracking in some way, shape, or form, which is the opposite of his campaign statements.
In other words, he lied.
In the campaign, Biden said he would not approve new fracking permits on federal lands. But he would allow existing fracking to continue on federal property and existing and new fracking to continue on private land. .... https://t.co/EDVj7RQdFs
— Glenn Kessler (@GlennKesslerWP) January 26, 2021
The economy is bleeding, and the Biden administration's response is to cripple one of the few industries that has been consistently employing people throughout this crisis.
But, his allies in the media don't want him to take that PR hit, so they run cover and play word games. Biden's exact words were "We are not going to ban fracking. Period." The "Period." there would imply that ANY ban is off the table.
If you are going to prohibit via executive order - which is nothing more than a law passed outside of the normal legislative process - anything, you are "legally" prohibiting it. There are legal consequences to violating that regulation.
So yes, definitionally, Biden has "legally prohibited" fracking in some way, shape, or form, which is the opposite of his campaign statements.
In other words, he lied.
U.S. president-elect Joe Biden has indicated plans to cancel the Keystone XL pipeline permit via executive action on his first day in office, sources tell CBC News.
This weekend stakeholders have seen a longer list of Biden’s planned executive actions than what was publicly reported in a memo from incoming chief of staff Ron Klain.
That purported list includes a reference to cancelling Keystone XL on Day 1 — Wednesday.
Here is what the Biden transition team has publicly reported so far. From a memo by his Chief of Staff Ron Klain — that dozens of executive orders are planned in the first few days. https://t.co/gEi3qHJnD1
The Biden team has publicly /
/ publicly announced its intention to sign climate orders on Day 1 including rejoining the Paris accord
What hasn’t been publicly reported, and it’s apparently something the transition team has indicated in stakeholder briefings, is that an order to kill KXL is coming on Day 1
Alberta Premier Jason Kenney raises the prospect of legal action if Biden cancels KXL.
This weekend stakeholders have seen a longer list of Biden’s planned executive actions than what was publicly reported in a memo from incoming chief of staff Ron Klain.
That purported list includes a reference to cancelling Keystone XL on Day 1 — Wednesday.
Here is what the Biden transition team has publicly reported so far. From a memo by his Chief of Staff Ron Klain — that dozens of executive orders are planned in the first few days. https://t.co/gEi3qHJnD1
The Biden team has publicly /
/ publicly announced its intention to sign climate orders on Day 1 including rejoining the Paris accord
What hasn’t been publicly reported, and it’s apparently something the transition team has indicated in stakeholder briefings, is that an order to kill KXL is coming on Day 1
Alberta Premier Jason Kenney raises the prospect of legal action if Biden cancels KXL.
I am deeply concerned by reports that the incoming administration of President-elect Joe Biden may repeal the Presidential permit for the Keystone XL border crossing next week.
— Jason Kenney (@jkenney) January 18, 2021
My full statement: pic.twitter.com/vZjun1IdMH