A strategy that is fundamentally flawed and not capable of solving a chosen problem, even with tremendous effort.
In macroeconomics, the term refers a policy where central banks loosen monetary policy to increase the supply of money available for investment when there is little potential demand for investment, such as when firms have large cash reserves, underutilized production facilities, and large inventories and very limited consumer demand.
Gov wants to revive the economic strategy of pushing on a string by loosening monetary policy for the private sector during the slack in the economy.
by mlhiss September 24, 2019
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