Quote:
Originally Posted by lookout123
I think you'll find new businesses tend to launch more as unemployment climbs.
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I agree..but the point is, it can be further stimulated by monetary policy, which has been the focus of the Fed short=term policy.
And fiscal policy as well. I would suggest the small business tax incentives in the stimulus bill helped to some degree and so did the bank bailouts.
Without all of the above, credit certainly would have been much tighter than it is at present.