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June 18, 2018 - Trump tax cuts - conform to Bernanke's 2002 Fed speech

Trump tax cuts part of the long-term plan in Fed's fight against deflation...?

The Speech That Predicts TRUMP'S RECESSION - Mike Maloney
"A broad-based tax cut, for example, accommodated by a program of open-market purchases to alleviate any tendency for interest rates to increase, would almost certainly be an effective stimulant to consumption and hence to prices."

Broad-based tax cut 
Ex-Trump economist: Trade war will wipe out tax cut gains
"retaliatory tariffs between countries could drive up inflation"

Accommodated by a program of open-market purchases 
Who the Heck Bought $1.2 trillion in New US Treasuries over the past 12 Months?
"Leaves $1.01 trillion that someone else must have bought over those 12 months.
But who? Mostly American institutional and individual investors, directly and indirectly, through bond funds, pension funds, and other ways."


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