[WS:] This is America, what else would you expect? Business can do no evil, government can do no good. The other day I read a piece in NYT that people are bashing the TSA because they are pissed at the airlines. You are pissed at your boss at work, you come home and kick the dog or beat your wife, you are pissed at private business, you bash the government - that is the American way.
Wojtek
On Mon, Nov 22, 2010 at 5:42 PM, Alan Rudy <alan.rudy at gmail.com> wrote:
> On Mon, Nov 22, 2010 at 1:54 PM, c b <cb31450 at gmail.com> wrote:
>
> > http://www.youtube.com/watch?v=PTUY16CkS-k&feature=player_embedded
> >
> >
> 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...
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