Biden’s stimulus and the ‘financialization’ of taxes

Joseph Sternberg  |  March 1, 2021

Op-ed by Joseph Sternberg, includes “Theorists and practitioners increasingly blur the lines between monetary and fiscal policy on the spending side of the government’s ledger. The next shoe to drop will be the entanglement between the Fed and Treasury on the revenue side. … To make the government proportionately more dependent on Fed-inflated capital gains, as Democrats are wont to do, would weaken an important tie between Congress’s fiscal role and the real economy.”

Read the full article on: The Wall Street Journal

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