Adding to the Federal Reserve "Toolkit"
Janet Yellen is having a meeting at Woods Hole:
"The Fed's annual conference in Jackson Hole, Wyoming, where Yellen speaks on Friday, is due to focus on how to improve central banks' "toolkit," but the unanimous message from the Fed's top policymakers is that those tools are not enough." [Reserve Meeting]
And you hear the usual complaints from the Federal Reserve that:
"Monetary policy is not well equipped to address long-term issues like the slowdown in productivity growth," Fed vice chair Stanley Fischer said on Sunday. He said it was up to the administration to invest more in infrastructure and education."[Reserve Meeting]
It is Up To Congress!
Fischer is expressing the World Banker conventional view. However, if the Federal Government appropriates money for Infrastructure and Education, under current law, it is forced to either borrow money at interest ("deficit spending") or to raise taxes to "offset such spending". Raising Taxes means the government must rob Peter to Pay Paul. Borrowing money means that any profits from infrastructure investment will go to Investors and not to the people "as a whole."
Congress Can Authorize an Infrastructure Bank and Delegate that function!