Tuesday, June 26, 2012
Monday, June 18, 2012
http://m.seekingalpha.com/article/476231-a-crash-course-in-the-weird-world-of-a-liquidity-trap
Sent from my iPhone
this pretty much explains why Bernanke is doing what he has been doing for the past 5 years, in a way that no politician would ever dare attempt. Part of it is dangerously misleading, because although it is true that monetary expansion is not inflationary in a liquidity trap, it is incredibly inflationary if/when the economy rebounds. So monetary expansion isn't any more destructive than lighting a fuse. Overall, this is a really good explanation of where the U.S. economy is now, but you can't draw too many conclusions from this, because the situation in Europe makes things more complicated.
Sent from my iPhone
this pretty much explains why Bernanke is doing what he has been doing for the past 5 years, in a way that no politician would ever dare attempt. Part of it is dangerously misleading, because although it is true that monetary expansion is not inflationary in a liquidity trap, it is incredibly inflationary if/when the economy rebounds. So monetary expansion isn't any more destructive than lighting a fuse. Overall, this is a really good explanation of where the U.S. economy is now, but you can't draw too many conclusions from this, because the situation in Europe makes things more complicated.
Sunday, June 17, 2012
Saturday, June 16, 2012
Monday, June 11, 2012
Saturday, June 9, 2012
Look who's trying to save the country...
At least this President understands the economy. He's looking like Thomas Jefferson right now.
Bill Clinton: Median Income Now Lower Than When I Left Office | RealClearPolitics:
'via Blog this'
Bill Clinton: Median Income Now Lower Than When I Left Office | RealClearPolitics:
'via Blog this'
Friday, June 8, 2012
Jonathan Haidt on TED.com
Check out this amazing TED Talk:
Jonathan Haidt on the moral roots of liberals and conservatives
http://www.ted.com/talks/jonathan_haidt_on_the_moral_mind.html
Sent from TED iPhone app
http://itunes.com/apps/tedconferences/ted
Sent from my iPhone
Jonathan Haidt on the moral roots of liberals and conservatives
http://www.ted.com/talks/jonathan_haidt_on_the_moral_mind.html
Sent from TED iPhone app
http://itunes.com/apps/tedconferences/ted
Sent from my iPhone
Wednesday, June 6, 2012
Thoughts on how to avoid another Great Depression
This is what the economic situation has come to in Europe: hoping for bailouts that are about as likely to happen as the Royals winning the Super Bowl...
http://feedproxy.google.com/~r/marginalrevolution/feed/~3/7W50nBRlLJM/thoughts-on-how-to-avoid-another-great-depression.html
Sent from my iPhone
http://feedproxy.google.com/~r/marginalrevolution/feed/~3/7W50nBRlLJM/thoughts-on-how-to-avoid-another-great-depression.html
Sent from my iPhone
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