Alp Simsek on a Risk-Centric View of Demand, Recession, and Speculation
Macro Musings with David Beckworth
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Is the Fed Really Propping Up Asset Prices?
I think the point you're making is if these asset prices are are prevented from crashing it's not just about people who hold them spend more but they create asset valuations that cause others to spend more. So by doing this you're not just reaching to a certain group you're actually reaching all the way down the main street. But there's another thing I want to point out here which is once you are in a demand recession type to change especially when the interest rate is constrained. We got to do the right counterfactual, right?
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