tag:blogger.com,1999:blog-5713178645208582139.post7872427946013731420..comments2024-03-17T03:26:42.785-05:00Comments on Macro Musings Blog: Who Said This?David Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5713178645208582139.post-40192469609154065302011-11-02T07:03:32.040-05:002011-11-02T07:03:32.040-05:00Lars Christensen,
It is easy to sneer when you ar...Lars Christensen,<br /><br />It is easy to sneer when you are not responsible. I have no doubt that sufficiently aggressive monetary policy easing excused by an NGDP target would solve many of the present US economic problems, such as raising employment by engineering a stealth cut in real wages, but the question I would ask is "and then what?". Having reduced debt revulsion and RebelEconomisthttps://www.blogger.com/profile/13241098878248190971noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-85375329320221273122011-11-01T01:50:47.585-05:002011-11-01T01:50:47.585-05:00Excellent post David...what we are facing is not a...Excellent post David...what we are facing is not a liquidity trap, but are "institutional liquidity trap" - central bankers know exactly what to do, but they won't do it due to political and institutional and maybe even mental limitations...but sure you are right - Ben Bernanke should know what to do.Lars Christensenhttps://www.blogger.com/profile/08409946182659964026noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-19415195384957812702011-10-31T05:27:47.403-05:002011-10-31T05:27:47.403-05:00I guessed right!I guessed right!Nick Rowehttps://www.blogger.com/profile/04982579343160429422noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-79143694654718425612011-10-30T21:00:01.131-05:002011-10-30T21:00:01.131-05:00Not only Ben Bernanke. John Taylor went to Japan ...Not only Ben Bernanke. John Taylor went to Japan in 2006, and gushed about a QE program they were undertaking at that time, and pronounced it a success. Japan quickly regressed back into its old ways, but Taylor's paper is on his website.<br /><br />And Milton Friedman went to Japan, and in 1998 wrote that Japan should engage in QWE until it saw inflation. <br /><br />And you know what Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-375281955406842762011-10-30T20:58:01.846-05:002011-10-30T20:58:01.846-05:00as much potential as this policy has, could it be ...as much potential as this policy has, could it be that they aren't doing this because they think it will make Ron Paul president?Calivancouverhttps://www.blogger.com/profile/11714105881073755258noreply@blogger.com