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And -surprise, surprise- a representative of Chase Manhattan was among the inner circle that created the Fed...A group which also included a rep from National City Bank (Rockefeller), now known as Citigroup, which got bazillions in bailout dough.And the other fail in your post is the JP Morgan part. I suppose you're unaware of JP Morgan's primary role during the 2008 collapse, where they backstopped much of the failure in the financial marketplace. And if it's not Morgan taking on these roles, it's Goldman.
And -surprise, surprise- a representative of Chase Manhattan was among the inner circle that created the Fed...A group which also included a rep from National City Bank (Rockefeller), now known as Citigroup, which got bazillions in bailout dough.And the other fail in your post is the JP Morgan part. I suppose you're unaware of JP Morgan's primary role during the 2008 collapse, where they backstopped much of the failure in the financial marketplace. And if it's not Morgan taking on these roles, it's Goldman.
Hmmmm...
Well increasing demand is the same as reinflating the bubble. The artificial demand is what causes these bubbles.
Its very simplistic to say that fall in aggregate demand caused the recession.
There's nothing simple about how demand can affect real economic activity.
Indeed, and thats why its stupid to just generalize simplistic statement like "fall in demand caused it".
How so? Obviously inflation of the bubble WAS what lead to the recession.
Yeah you could keep the bubble up by lowering interest rates and misallocating more resources but the bubble problem would still be there. The bubble is the problem, not that it burst because "lack of demand".
Yeah and extremely overpriced housing had nothing to do with it. But NO! It wasnt actually housing bubble, it was just general fall in demand! If only could we make people waste their money by buying more overpriced house via increasing demand!
Well increasing demand is the same as reinflating the bubble. The artificial demand is what causes these bubbles.
Well increasing demand is the same as reinflating the bubble. The artificial demand is what causes these bubbles.
yes great point. liberal spending creates artificial demand or bubbles or mal investment. Then, we have a recession while the free market puts people and things back in their proper free market places.
Liberals are deadly to the economy!
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Monetary policy is always effective.
a perfectly idiotic thing to say given that most agree it caused the Depression, the Carter inflation, and this Great Recession!! Maybe you meant to say it was always effective in causing depressions recessions and inflations??
Perhaps you're unaware of the context of monetary policy - maybe Econ 101 was slack when it came to monetary theory: Monetary policy is always effective at controlling aggregate demand.
It was lack of aggregate demand that caused the Depression and the current downturn. As for the Carter inflation, nobody is suggesting that the central bank print as much money as they want, I want them to print only so
much as to stabilize the path of aggregate demand.
a perfectly idiotic thing to say given that most agree it caused the Depression, the Carter inflation, and this Great Recession!! Maybe you meant to say it was always effective in causing depressions recessions and inflations??
Perhaps you're unaware of the context of monetary policy - maybe Econ 101 was slack when it came to monetary theory: Monetary policy is always effective at controlling aggregate demand.
It was lack of aggregate demand that caused the Depression and the current downturn. As for the Carter inflation, nobody is suggesting that the central bank print as much money as they want, I want them to print only so
much as to stabilize the path of aggregate demand.
Yes it was a lack of demand caused by 1/3 loss of money supply. Fdr firstly sent money to the banks then bought gold to restore prices. To say lack of demand is the least meaningful way to describe it or suggest remedies for it which is why Friedman says it caused by lack of money , not lack of demand
I don't think there's any doubt that Ron Paul has some very correct ideas in regards to foreign policy and some aspects of social policy - and I'm impressed that he has the balls to stick by them even though he frequently get booed for it
he's extremely dumb.
That's what too little money does (causes a lack of demand). .
he's extremely dumb.
why be so afraid to present you best example so we'll know if he's dumb or you're dumb??
Yes it was a lack of demand caused by 1/3 loss of money supply. Fdr firstly sent money to the banks then bought gold to restore prices. To say lack of demand is the least meaningful way to describe it or suggest remedies for it which is why Friedman says it caused by lack of money , not lack of demand
That's what too little money does (causes a lack of demand). .
Then explain to me how money can impact the real economy.
No, lack of demand can not be caused by many things.
Then explain to me how money can impact the real economy.
No, lack of demand can not be caused by many things.
It can be caused by housing bubble
It can be caused by bank failures
It can be caused by high interest rates
It can be caused by a very scary left wing president.
It can be caused by deflation
Etc etc etc etc
he's extremely dumb.
why be so afraid to present you best example so we'll know if he's dumb or you're dumb??
I provided my best example. Inflation. Everything he says about inflation is ridiculous.
why be so afraid to present you best example so we'll know if he's dumb or you're dumb??
I provided my best example. Inflation. Everything he says about inflation is ridiculous.
How so? He links inflationary monetary policies to the bubbles that we've been enduring the past couple decades, and he's been right.
Go to your grocery store and tell me there's no inflation right now.
I provided my best example. Inflation. Everything he says about inflation is ridiculous.
How so? He links inflationary monetary policies to the bubbles that we've been enduring the past couple decades, and he's been right.
Go to your grocery store and tell me there's no inflation right now.
Nobody is saying there isn't any inflation. All countries target a low but non-zero inflation rate. The like between monetary policy and bubbles is ridiculous, especially since monetary policy wasn't especially loose over the last 20 years. He's another person who focuses on interest rates to assess the stance of monetary policy, which is idiotic. He doesn't recognise that income adjusts upwards when prices rise too. If prices rise, so do wages (inflation is a problem for people on fixed incomes, but they get indexed to wage growth in the US). If prices fall, that doesn't mean people can buy more, because wages also fall. So he doesn't seem to understand long run neutrality of money.
How so? He links inflationary monetary policies to the bubbles that we've been enduring the past couple decades, and he's been right.
Go to your grocery store and tell me there's no inflation right now.
Nobody is saying there isn't any inflation. All countries target a low but non-zero inflation rate. The like between monetary policy and bubbles is ridiculous, especially since monetary policy wasn't especially loose over the last 20 years. He's another person who focuses on interest rates to assess the stance of monetary policy, which is idiotic. He doesn't recognise that income adjusts upwards when prices rise too. If prices rise, so do wages (inflation is a problem for people on fixed incomes, but they get indexed to wage growth in the US). If prices fall, that doesn't mean people can buy more, because wages also fall. So he doesn't seem to understand long run neutrality of money.
You must be living on a different planet than me. Wages are keeping up with inflation? You're out of your mind.
