tag:blogger.com,1999:blog-2761684730989137546.post3227157521557337717..comments2024-03-29T07:30:30.121-04:00Comments on Mike Norman Economics: Assessing the Fed under Bernanke by Warren Moslermike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2761684730989137546.post-46737903608276131852009-09-01T14:38:56.591-04:002009-09-01T14:38:56.591-04:00just plain ol' avidya or stupidity as per Fran...just plain ol' avidya or stupidity as per Frank Zappa and / or the Rig Veda.googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-84756023920298319972009-09-01T14:36:36.554-04:002009-09-01T14:36:36.554-04:00Goog,
It is not perceived that way and perception...Goog,<br /><br />It is not perceived that way and perception is reality in this case.<br /><br />-Mikemike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-70192534777685122282009-09-01T14:13:31.889-04:002009-09-01T14:13:31.889-04:00good point.
stimulus from credits is not chinese ...good point.<br /><br />stimulus from credits is not chinese money nor tax payer.<br /><br />since it is not taken from anyone, then it is not socialism and since it is something that has always been used by sovereign nonconvertible currencies to relieve situational crises, then it cannot be nazism which was based on the violent take over of assets.<br /><br />allowing creative destruction is more Nazi in it's violent assertations.<br /><br />it is a shame to victims of the real Nazi's to slur these empty epithets around like they carry some type of real meaning.<br /><br />stimulus is american and it is democratic since the owner and maker of the money is not physically taking away something from anyone.googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-33163020869358232032009-09-01T12:54:34.003-04:002009-09-01T12:54:34.003-04:00Scott,
Well said. Couldn't agree more!
-Mike...Scott,<br /><br />Well said. Couldn't agree more!<br /><br />-Mikemike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-81588656581437187092009-09-01T12:35:21.966-04:002009-09-01T12:35:21.966-04:00I agree Warren's analysis of the situation is ...I agree Warren's analysis of the situation is spot on. I plan to continue to exploit the remarkable spread enjoyed by banks by buying their common, even deeply discounted zombies like C and BAC. So far can't complain. <br /><br />I would quibble a little with Warren's grading. Bernanke, Obama & the invisible Treasury Sec at best get a C- for their abysmal performance in explaining the stimulus & recession battling monetary operations to Congress & the public. The real F, however, should go to the Republicans & their massive media idiot wind (Fox, AM radio etc) which has demonized the stimulus and all other fiscal moves trying to combat the recession. The rational GOPers are gone and only flat earthers & demagogues seem to be left in that party. Centrist Democrats are terrified & any further fiscal stimulation is now now blocked politically. Still the economy is turning and hopefully what's already been done will be enough. I hope voters won't forget who fought every anti-recession measure with false cries of "socialism" & "nazism".Scott C.https://www.blogger.com/profile/03413748955284805445noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-28494996647015108262009-09-01T07:36:51.095-04:002009-09-01T07:36:51.095-04:00Can Norman or Warren comment to this :
If Bernank...Can Norman or Warren comment to this :<br /><br />If Bernanke knows how the system works to credit banks and create a fiscal response and since the stimulus has not be doled out, restrained ; <br /><br />then is it not possible that the 300 so-called richest families that control the Fed actually want things to fail so they can take control of everything via creative destruction ?<br /><br />In other words, they try to appear to make it work with a veneer of Keynesian action ( Bernanke, talk and more talk ) but really are not crediting and creating stimulus therefore allowing what's behind the veneer to grow - Austrian Creative destruction ?<br /><br />Who is to profit if they do not stimulus and create fiscal response ?googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.com