Roosevelt's Great Depression

[Toro]

Tell me again how Fannie/Freddie caused Dubya's great recession? lol


NOW you're telling me Chi guys SUPPORT QE? LOL

lol

derp2three, you have no idea what you're talking about.

Which, of course, is pretty obvious.

Milton Friedman: Yes, indeed. As far as Japan is concerned, the situation is very clear. And it’s a good example. I’m glad you brought it up, because it shows how unreliable interest rates can be as an indicator of appropriate monetary policy.
During the 1970s, you had the bubble period. Monetary growth was very high. There was a so-called speculative bubble in the stock market. In 1989, the Bank of Japan stepped on the brakes very hard and brought money supply down to negative rates for a while. The stock market broke. The economy went into a recession, and it’s been in a state of quasi recession ever since. Monetary growth has been too low. Now, the Bank of Japan’s argument is, “Oh well, we’ve got the interest rate down to zero; what more can we do?”

It’s very simple. They can buy long-term government securities, and they can keep buying them and providing high-powered money until the high powered money starts getting the economy in an expansion. What Japan needs is a more expansive domestic monetary policy.

The Japanese bank has supposedly had, until very recently, a zero interest rate policy. Yet that zero interest rate policy was evidence of an extremely tight monetary policy. Essentially, you had deflation. The real interest rate was positive; it was not negative. What you needed in Japan was more liquidity.​

Macro and Other Market Musings Case Closed Milton Friedman Would Have Supported QE2

 

[EdwardBaiamonte]

NOW you're telling me Chi guys SUPPORT QE? LOL

dear, you are LOL at yourself but lack the IQ to know it! I"m embarrassed for you.

 

[Dad2three]

Tell me again how Fannie/Freddie caused Dubya's great recession? lol


NOW you're telling me Chi guys SUPPORT QE? LOL

lol

derp2three, you have no idea what you're talking about.

Which, of course, is pretty obvious.

Milton Friedman: Yes, indeed. As far as Japan is concerned, the situation is very clear. And it’s a good example. I’m glad you brought it up, because it shows how unreliable interest rates can be as an indicator of appropriate monetary policy.
During the 1970s, you had the bubble period. Monetary growth was very high. There was a so-called speculative bubble in the stock market. In 1989, the Bank of Japan stepped on the brakes very hard and brought money supply down to negative rates for a while. The stock market broke. The economy went into a recession, and it’s been in a state of quasi recession ever since. Monetary growth has been too low. Now, the Bank of Japan’s argument is, “Oh well, we’ve got the interest rate down to zero; what more can we do?”

It’s very simple. They can buy long-term government securities, and they can keep buying them and providing high-powered money until the high powered money starts getting the economy in an expansion. What Japan needs is a more expansive domestic monetary policy.

The Japanese bank has supposedly had, until very recently, a zero interest rate policy. Yet that zero interest rate policy was evidence of an extremely tight monetary policy. Essentially, you had deflation. The real interest rate was positive; it was not negative. What you needed in Japan was more liquidity.​

Macro and Other Market Musings Case Closed Milton Friedman Would Have Supported QE2

Wait, the ANTI Gov't Uncle Miltie WANTS Gov't to encroach on the markets by artificially picking winners and losers? THAT'S YOUR POSIT? lol

REAL INTEREST RATES? LOL

YOU DO REALIZE UNCLE MILTIE WANTED TO PICK WINNERS AND LOSERS RIGHT? lol

 

[Dad2three]

Tell me again how Fannie/Freddie caused Dubya's great recession? lol


NOW you're telling me Chi guys SUPPORT QE? LOL

lol

derp2three, you have no idea what you're talking about.

Which, of course, is pretty obvious.

Milton Friedman: Yes, indeed. As far as Japan is concerned, the situation is very clear. And it’s a good example. I’m glad you brought it up, because it shows how unreliable interest rates can be as an indicator of appropriate monetary policy.
During the 1970s, you had the bubble period. Monetary growth was very high. There was a so-called speculative bubble in the stock market. In 1989, the Bank of Japan stepped on the brakes very hard and brought money supply down to negative rates for a while. The stock market broke. The economy went into a recession, and it’s been in a state of quasi recession ever since. Monetary growth has been too low. Now, the Bank of Japan’s argument is, “Oh well, we’ve got the interest rate down to zero; what more can we do?”

It’s very simple. They can buy long-term government securities, and they can keep buying them and providing high-powered money until the high powered money starts getting the economy in an expansion. What Japan needs is a more expansive domestic monetary policy.

The Japanese bank has supposedly had, until very recently, a zero interest rate policy. Yet that zero interest rate policy was evidence of an extremely tight monetary policy. Essentially, you had deflation. The real interest rate was positive; it was not negative. What you needed in Japan was more liquidity.​

Macro and Other Market Musings Case Closed Milton Friedman Would Have Supported QE2

UNCLE MILTIE 2000:

"It’s very simple. They can buy long-term government securities, and they can keep buying them and providing high-powered money until the high powered money starts getting the economy in an expansion. What Japan needs is a more expansive domestic monetary policy."


"The Japanese bank has supposedly had, until very recently, a zero interest rate policy. Yet that zero interest rate policy was evidence of an extremely tight monetary policy. Essentially, you had deflation. The real interest rate was positive; it was not negative. What you needed in Japan was more liquidity."

LOL

Japan’s monetary base deflated by nominal GDP

Notice the huge increase from 1999 to 2003: that’s the BOJ’s quantitative easing policy, an attempt to end deflation by stuffing the banks full of reserves in the hope that the money would go somewhere. It didn’t. So the BOJ was trying to fight deflation; it simply failed.

http://krugman.blogs.nytimes.com/2010/07/30/japanese-monetary-policy-wonkish/?_r=0

YOU WERE SAYING? LOL

 

[Toro]

Wait, the ANTI Gov't Uncle Miltie WANTS Gov't to encroach on the markets by artificially picking winners and losers? THAT'S YOUR POSIT? lol

REAL INTEREST RATES? LOL

YOU DO REALIZE UNCLE MILTIE WANTED TO PICK WINNERS AND LOSERS RIGHT? lol

You've been found out, poseur.

You don't know jack shit.

Spend less time being a Google Master and more time learning about the subject you know little about.

You won't look so stupid to the people that do.

 

[Dad2three]

Wait, the ANTI Gov't Uncle Miltie WANTS Gov't to encroach on the markets by artificially picking winners and losers? THAT'S YOUR POSIT? lol

REAL INTEREST RATES? LOL

YOU DO REALIZE UNCLE MILTIE WANTED TO PICK WINNERS AND LOSERS RIGHT? lol

You've been found out, poseur.

You don't know jack shit.

Spend less time being a Google Master and more time learning about the subject you know little about.

You won't look so stupid to the people that do.

Sure Bubba., I want to be just like you, a right winger who is ALWAYS on the wrong side of history and will NEVER address posits pointed out like Uncle Miltie picking winners and losers OR the REASON why Japan's still in a slump, although BOJ did what YOU and Uncle Miltie said would've fixed about Harding/Coolidge's great depression, weird.


You going to EVER show Gov't policy like helping the poor or F/F caused the Dubya great recession? Didn't think so... lol

 

[Toro]

Sure Bubba., I want to be just like you, a right winger who is ALWAYS on the wrong side of history and will NEVER address posits pointed out like Uncle Miltie picking winners and losers OR the REASON why Japan's still in a slump, although BOJ did what YOU and Uncle Miltie said would've fixed about Harding/Coolidge's great depression, weird.


You going to EVER show Gov't policy like helping the poor or F/F caused the Dubya great recession? Didn't think so... lol

Talk to the hand, poseur.

 

[Dad2three]

Sure Bubba., I want to be just like you, a right winger who is ALWAYS on the wrong side of history and will NEVER address posits pointed out like Uncle Miltie picking winners and losers OR the REASON why Japan's still in a slump, although BOJ did what YOU and Uncle Miltie said would've fixed about Harding/Coolidge's great depression, weird.


You going to EVER show Gov't policy like helping the poor or F/F caused the Dubya great recession? Didn't think so... lol

Talk to the hand, poseur.

Got it, you'll pretend like Uncle Miltie posit has some credibility and you never blamed F/F for causing the Dubya recession, lol

 

[EdwardBaiamonte]

a right winger who is ALWAYS on the wrong side of history

dear, liberals spied for Stalin and Hitler and elected Obama. Is that the right side of History? Please tell us if you are a communist too?

 

[EdwardBaiamonte]

You going to EVER show Gov't policy like helping the poor

thanks to Friedman China just switched to capitalism and eliminated 40% of the worlds poverty. Is that helping the poor??

See why we say liberalism is based in pure ignorance?

 

[regent]

You going to EVER show Gov't policy like helping the poor

thanks to Friedman China just switched to capitalism and eliminated 40% of the worlds poverty. Is that helping the poor??

See why we say liberalism is based in pure ignorance?

So the secret for capitalism to flourish seems to be communists take over a government, pretend to practice communism for a time then change to capitalism, and bingo poverty is on its way to elimination. You sure capitalists aren't closet communists or visa versa? Anyway, it's a new system and a great idea, and conservatives seem to approve. I didn't think Friedman was a communist, however, and surely he is dead by now.

 

[EdwardBaiamonte]

So the secret for capitalism to flourish seems to be .

for liberals to stay out of the way since they lack the IQ to understand the economic system that instantly eliminated 40% of the worlds poverty and saved another 60 million from slowly starving to death.

 

[regent]

So the secret for capitalism to flourish seems to be .

for liberals to stay out of the way since they lack the IQ to understand the economic system that instantly eliminated 40% of the worlds poverty and saved another 60 million from slowly starving to death.

Are you so afraid of a poster's total response that you have to edit them you before feel capable of responding?

 

[EdwardBaiamonte]

So the secret for capitalism to flourish seems to be .

for liberals to stay out of the way since they lack the IQ to understand the economic system that instantly eliminated 40% of the worlds poverty and saved another 60 million from slowly starving to death.

Are you so afraid of a poster's total response that you have to edit them you before feel capable of responding?

A liberals first sentence will be based in ignorance. Who would have time to confute each sentence?

 

[CultureCitizen]

Now....where are the Roosevelt fans who are ready to explain the different results under Harding, as compared to those under Roosevelt?

Allegedly , the depression finished only due to the greatest expenditure program started by the US government which created thousands of hundreds of jobs, the program included drastic measures such as food stamps and resource rationing, further more the US debt climbed to a percent of gdp which has never been seen again... WWII.

 

[EdwardBaiamonte]

Now....where are the Roosevelt fans who are ready to explain the different results under Harding, as compared to those under Roosevelt?

Allegedly , the depression finished only due to the greatest expenditure program started by the US government which created thousands of hundreds of jobs,

dear if putting people in make work jobs helped we'd never have to worry about unemployment again would we?
This is Econ 101, class one day one. Did you ever think of attending college??

 

[regent]

So the secret for capitalism to flourish seems to be .

for liberals to stay out of the way since they lack the IQ to understand the economic system that instantly eliminated 40% of the worlds poverty and saved another 60 million from slowly starving to death.

Are you so afraid of a poster's total response that you have to edit them you before feel capable of responding?

A liberals first sentence will be based in ignorance. Who would have time to confute each sentence?

So you edit posts until you feel capable of answering, is that right?

 

[PoliticalChic]

Now....where are the Roosevelt fans who are ready to explain the different results under Harding, as compared to those under Roosevelt?

Allegedly , the depression finished only due to the greatest expenditure program started by the US government which created thousands of hundreds of jobs,

dear if putting people in make work jobs helped we'd never have to worry about unemployment again would we?
This is Econ 101, class one day one. Did you ever think of attending college??

reggie don't need no stinkin' college!!

He told me, all he needs is his selected historians to tell him what to think!!!!

Actually....it's a real time saver.

 

[Camp]

Now....where are the Roosevelt fans who are ready to explain the different results under Harding, as compared to those under Roosevelt?

Allegedly , the depression finished only due to the greatest expenditure program started by the US government which created thousands of hundreds of jobs,

dear if putting people in make work jobs helped we'd never have to worry about unemployment again would we?
This is Econ 101, class one day one. Did you ever think of attending college??

reggie don't need no stinkin' college!!

He told me, all he needs is his selected historians to tell him what to think!!!!

Actually....it's a real time saver.

From viewing your many distorted and twisted history threads it appears a college education is not always of significant value in regards to knowing or understanding history. The fact is, people who spend decades reading and studying history, in many cases decades of not only reading and studying, but having direct connections to important historical events, can easily have far more knowledge on the subject than a college educated person. This is especially true when the college educated person majored in a subject other than history and has a total lack of historical research methodology knowledge the way you do.

 

[CrusaderFrank]

You going to EVER show Gov't policy like helping the poor

thanks to Friedman China just switched to capitalism and eliminated 40% of the worlds poverty. Is that helping the poor??

See why we say liberalism is based in pure ignorance?

We need to export our Progressives to China where they can try to implement Obamacare and Carbon Footprint awareness