tag:blogger.com,1999:blog-5713178645208582139.post8429553619499315085..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: Bernanke's Little DepressionDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5713178645208582139.post-26007193296393726652012-09-24T08:56:46.725-05:002012-09-24T08:56:46.725-05:00Marcus,
That Brit understands the importance of c...Marcus,<br /><br />That Brit understands the importance of credibility and expectations. I am guessing Bernanke's response is that he can only go so fast given the political constraints he faces.David Beckworthhttps://www.blogger.com/profile/04577612979801459194noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-49628990749645463282012-09-23T23:23:48.829-05:002012-09-23T23:23:48.829-05:00Great blogging by Beckworth.
The obsession over m...Great blogging by Beckworth.<br /><br />The obsession over microscopic rates of inflation is one of the mental illnesses of our time. <br /><br />Print more mine, print more money, print money until the plates melt, and then start issuing scrip.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-38551753673900841832012-09-23T22:47:44.802-05:002012-09-23T22:47:44.802-05:00The FED isn't doing anything. All they do is g...The FED isn't doing anything. All they do is give electronic IOU's on asset purchases which really aren't purchases unless US Treasury actually purchases it. <br /><br />Notice that inflation is going to fall because of the global slowdown. This has been taking a toll on US industrial production since the spring, but is being outpaced by the service sector for now, keeping the economyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-61366505058017532612012-09-23T20:46:17.694-05:002012-09-23T20:46:17.694-05:00This from a Brit:
So if the Fed were really seriou...This from a Brit:<br />So if the Fed were really serious about fixing the economy, it wouldn’t be combining baby steps in communication policy with questionable asset purchases. I would have rather liked to see the Fed wait a bit, fully digest the Woodford paper, and then come out with a forceful policy statement – one that includes a commitment to bring nominal GDP back to its preshock trend as João Marcushttps://www.blogger.com/profile/13658264244033012660noreply@blogger.com