“In the six decades of data before the ‘08 election, credit growth averaged 9% yearly, but since then it’s been flat at 2%”
Do you think any of that is due to higher reserve requirements imposed on the banks?
OK, to be honest I'd have to say that's as good as guess as any I've seen.
So much for honesty. Somehow it seems more accurate to believe that folks aren't borrowing because they don't want to go to all the trouble of building wealth only to hear the president say "you didn't build that" as he puts his heel to the business' throat.
And where would I find if bank reserve requirements have increased?