Of course, the Fed could have tried to slow the bubble by
raising margin requirements. It's not clear this would have
worked, but then again, the Fed never tried it.
Jim wrote:
I didn't finish my thought here. The Fed had a hard job in this
situation,
which involved a private-sector-led
Of course, the Fed could have tried to slow the bubble by raising margin
requirements.
It's not clear this would have worked, but then again, the Fed never tried it.
right, but the officially-"independent" Fed isn't independent of pressure from the
financial interests, who hate that kind of
If you could explain to me how monetary deflation can arise from private
market relations and not the actions of a central bank(s), I would be very
interested.
David Shemano
***
http://www.csu.edu.au/ci/vol06/keen/keen.html
Ian
David Shemano wrote:
Doug Henwood wrote:
--
For those interested, my supply-side gurus are taking the position that the
world economy is suffering a severe monetary deflation, mainly caused by
errors at the Fed.
...because, as every supply-sider knows (and every monetarist too
David, I tried to give an explanation in a book, The Natural Instability
of Markets.
David Shemano wrote:
If you could explain to me how monetary deflation can arise from private
market relations and not the actions of a central bank(s), I would be very
interested.
David Shemano
--
At 11:56 AM 3/19/01 -0800, you wrote:
If you could explain to me how monetary deflation can arise from private
market relations and not the actions of a central bank(s), I would be very
interested.
There is no such thing as "private market relations." Without the Fed and
other government
[EMAIL PROTECTED] writes:
At 11:56 AM 3/19/01 -0800, you wrote:
If you could explain to me how monetary deflation can arise from private
market relations and not the actions of a central bank(s), I would be
very
interested.
How could a monetary deflation not arise from "private market relations"
