On Nov 22, 2010, at 5:42 PM, Alan Rudy wrote:
> this thing's spreading everywhere and, while there are some good criticisms
> in it, its primarily an anti-government screed
>
> it argues that the Fed sees deflation when it doesn't - its trying to
> forestall it, it argues that deflation's good for consumers but leaves out
> that deflation's bad for jobs and investment, it suggests that QE's only
> about deflation and that it's the only idea the Fed's got, it pulls out the
> CPI but then ties all sorts of things not measured by the CPI to the Fed's
> purported mis-reading of it and its meaning, it argues that the Fed's never
> done anything right, that administrators have to come from business or prior
> administrative experience, and... yeesh.
>
> as always, you don't have to be a fan of the Fed to dislike the way the
> argument against the Fed is introduced here... the enemy of my enemy isn't
> always...
Yes, thank you.
Helicopter Ben said sometime in the last day or two that we need fiscal stimulus. But he knows we ain't getting it.
Doug