tag:blogger.com,1999:blog-6616959642391988608.post4041251284863430986..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: The Eurozone crisis is slowly fading awayScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6616959642391988608.post-58214677626650044302012-01-27T11:22:33.211-08:002012-01-27T11:22:33.211-08:00Sorry for the spelling issues. Bloomberg keyboard ...Sorry for the spelling issues. Bloomberg keyboard is worse than typing on an iphone...Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-56871194597109393512012-01-27T11:14:57.519-08:002012-01-27T11:14:57.519-08:00Ben,
Printing money doesn not icnrease the real p...Ben,<br /><br />Printing money doesn not icnrease the real production of an economy. It simply changes the prices and picks the winners and losers. <br /><br />The problems are structural. Capital and priting presses are in abundance around the globe.Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-77975850907062444732012-01-26T12:40:44.266-08:002012-01-26T12:40:44.266-08:00Djakel-
You ask a fair and tough question.
BTW, ...Djakel-<br /><br />You ask a fair and tough question.<br /><br />BTW, John Taylor gushed about the success of a QE program undertaken in Japan in the mid-2000s, please see here. http://www.johnbtaylor.com/<br />Go to year 2006 for his paper on Japan.<br /><br />Taylor flatly stated QE was effective. Allan Meltzer, Milton Friedman and Ben Bernanke all told Japan to print more money (through QE).Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-39248376966693641782012-01-26T10:55:37.578-08:002012-01-26T10:55:37.578-08:00Benjamin--Please explain how targeting NGDP will c...Benjamin--Please explain how targeting NGDP will create demand. It appears to me that the FED has attempted to do that with QE and it has failed. They are pushing on a string. Regulators are telling banks to lend, but only to those who have no chance of defaulting.<br /><br />Wages are stagnant or declining and employment is barely rising. Health insurance cost is rising and tax policy is djakelhttps://www.blogger.com/profile/06247798800719389756noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-85983254207518354582012-01-26T09:38:14.931-08:002012-01-26T09:38:14.931-08:00The Fed has an historic opportunity here to establ...The Fed has an historic opportunity here to establish itself, and not federal deficits, as the engine of economic stimulation. <br /><br />If Bernanke successfully moves to Market Monetarism, the remaining arguments for fiscal stimulus will wither, thus eliminating a huge burden on future generations, and bringing on lower tax rates.<br /><br />The econo-shamans of the left and right are chantingBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com