Summers Floats Idea of Sustained Government Stock Purchases

Former U.S. Treasury Secretary Lawrence Summers floated the idea of continuous purchases of stocks as a potential ingredient in a recipe for the developed world to strengthen economies struggling with subdued growth and inflation. 

Among the proposals that deserve “serious reflection” is the purchase of a “wider range of assets on a sustained and continuing basis," Summers said in a lecture at a Bank of Japan conference in Tokyo Friday. "I’m not prepared to make a policy recommendation at this point,” he told reporters later.

DYI Comments:  What a total bone head idea.  Here is the solution.  Significantly reduce rules, regulations and taxes both individual and corporate[better yet go to a national sales tax!].  End budget deficits with a surplus reducing the national debt moving the federal government out of the private sector.  Trust bust across industries ending the oligarchs.   Have the the Fed's go to positive interest rates driving out inflation which would flood our banks with savings that will foster capital formation creating many new business. Renegotiate all trade deals and dump Obama Care!

Do all of that and this economy will take off like a jack rabbit!

DYI