tag:blogger.com,1999:blog-6616959642391988608.post1377549690986074281..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Bernanke's belief system not encouragingScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-6616959642391988608.post-5162399253189758192009-12-09T12:54:48.037-08:002009-12-09T12:54:48.037-08:00I agree. Great Post.I agree. Great Post.tomhttps://www.blogger.com/profile/16362700124030334035noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-10656593110308371412009-12-08T11:52:14.377-08:002009-12-08T11:52:14.377-08:00I agree with Scott 100%. The past decade or so hav...I agree with Scott 100%. The past decade or so have been prime examples of problematic Fed policy.<br /><br />The current Fed members have all been apart of it yet we are not holding them accountable for their contributions.<br /><br />This is akin to giving the green light to status quo with a few regulations scattered on top. <br /><br />My expectations are for future volatility. We have since Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-50277057380827117162009-12-08T07:37:45.645-08:002009-12-08T07:37:45.645-08:00Scott, great thread. Thanks to all contributors....Scott, great thread. Thanks to all contributors. <br /><br />BobBobhttps://www.blogger.com/profile/18190525712352815677noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-88611566468190091192009-12-07T20:03:19.864-08:002009-12-07T20:03:19.864-08:00Burt: I've posted at length about the inflatio...Burt: I've posted at length about the inflation process. You are right that it is not just money growth. It is several things: setting interest rates too low, and failing to respond to market signals that money demand is declining. <br /><br />A given amount of money can support a higher price level if the demand for that money declines and money velocity rises. If the Fed fails to offset theScott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-61986470196534807612009-12-07T16:52:07.293-08:002009-12-07T16:52:07.293-08:00I love your blog. It's helped me make a lot of...I love your blog. It's helped me make a lot of moola in the past nine months. Thank you.<br />However, I disagree with you post. Money growth doesn't cause inflation in some kind of secret ceremony. There has to be a mechanism. In most of the inflations I can find in history that mechanism has been credit. As a general rule, no credit growth -> no inflation except short term cost push The Commodity Guyhttps://www.blogger.com/profile/11518485068505658443noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-58904860952578289152009-12-07T16:02:12.176-08:002009-12-07T16:02:12.176-08:00Bret: It's one thing for some prices to declin...Bret: It's one thing for some prices to decline, and quite another for all prices to decline. Clearly, we are not in a generalized deflation, since we know commodity prices are rising significantly and measured inflation is still positive. The fact that some prices are falling is only natural given the significant deterioration in the economy and the massive restructuring underway. That is toScott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-9883165226111774052009-12-07T15:57:28.267-08:002009-12-07T15:57:28.267-08:00OnMission: I thought you'd never ask. I am ava...OnMission: I thought you'd never ask. I am available for public service. As for other candidates, there are several I could suggest, but they would never pass the inevitable political litmus tests.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-17464543517207231682009-12-07T15:37:05.897-08:002009-12-07T15:37:05.897-08:00Scott Grannis wrote: "...the only thing that ...Scott Grannis wrote: "<i>...the only thing that can generate a decline in the overall price level is a shortage of money.</i>"<br /><br />I suppose that's true by definition (assuming assets are included in the "overall price level") but it seems to me that your statement is kinda skirting around Bernanke's point. The price level of final sales in general could still Brethttps://www.blogger.com/profile/15063508651955739056noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-42280740932109493092009-12-07T15:04:07.005-08:002009-12-07T15:04:07.005-08:00Scott,
Who do you suggest as a good candidate(s) f...Scott,<br />Who do you suggest as a good candidate(s) for the Fed.<br /><br />or are you looking for a new assignment?In Transitionhttps://www.blogger.com/profile/14904228607121436586noreply@blogger.com