We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Going on holiday

23 Mar 2011 By James Pethokoukis

The White House is right that an amnesty for firms repatriating profit might distract from broader reform. But its economic objection is confused. Even if the cash goes to shareholders, that adds to the wealth effect hoped for from the Fed’s bondbuying, which it supports.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)