Peter, No reason to believe Bernanki isn't just as good or better than Greenspan and the others. Remember Greenspan is the guy who brought you the mortgage/housing bubble, talk about irrational exhuberance? ! ! ! I can't believe folks want to take us back to 1932 and Depression monetary policies. :-( Anybody checked Japan's growth lately?!? Regards, Bob S.
On Mon, Nov 15, 2010 at 9:54 PM, P. J. Alling <[email protected]> wrote: > The Fed is supposed to manipulate the economy within certain limits. Mostly > to anticipate the size of the money supply required to match economic > activity, to smooth out peeks and troughs due to natural variations. Money > acts as a lubricant in an economy, and just as with an engine the wrong > amount of oil will ruin it . The fact that The Fed has proven to be utterly > incompetent at it's task, about 3/4 of the time and the Obama administration > has chosen them to implement policies well beyond it's original scope, > (which did I mention it is often incompetent at), just scares the bejesus > out of me. The current Fed Chairman isn't Milton Freedman, he isn't Paul > Volcker, he isn't even Allen Greenspan, at least Greenspan had some idea > that something was going wrong... > > On 11/15/2010 10:38 PM, Daniel J. Matyola wrote: >> >> The point of manipulating the economy is not whether what is done is >> good or bad; the point is to manipulate the economy. >> >> Dan >> >> On Mon, Nov 15, 2010 at 10:30 PM, P. J. Alling >> <[email protected]> wrote: >>> >>> I've seen it. The only problem I have with it is that they seem to think >>> that deflation is good. It isn't any better for the economy than massive >>> inflation, just bad in a different way. >>> >>> On 11/15/2010 10:30 PM, Daniel J. Matyola wrote: >>>> >>>> http://www.youtube.com/watch?v=PTUY16CkS-k&feature=player_embedded >>>> >>> >>> -- >>> "His lack of education is more than compensated for by his keenly >>> developed >>> moral bankruptcy." >>> -Woody Allen >>> >>> >>> -- >>> PDML Pentax-Discuss Mail List >>> [email protected] >>> http://pdml.net/mailman/listinfo/pdml_pdml.net >>> to UNSUBSCRIBE from the PDML, please visit the link directly above and >>> follow the directions. >>> > > > -- > "His lack of education is more than compensated for by his keenly developed > moral bankruptcy." > -Woody Allen > > > -- > PDML Pentax-Discuss Mail List > [email protected] > http://pdml.net/mailman/listinfo/pdml_pdml.net > to UNSUBSCRIBE from the PDML, please visit the link directly above and > follow the directions. > -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net to UNSUBSCRIBE from the PDML, please visit the link directly above and follow the directions.
