tag:blogger.com,1999:blog-3622225605650065211.post6579849054658054540..comments2024-02-15T03:13:49.505-08:00Comments on Economic Policy Advice for Barack Obama: You Can't Quit Me...Unknownnoreply@blogger.comBlogger6125tag:blogger.com,1999:blog-3622225605650065211.post-59217545819748013852010-03-26T14:09:36.037-07:002010-03-26T14:09:36.037-07:00I nominate that Summers be replaced by Dr. Iris Ma...I nominate that Summers be replaced by Dr. Iris Mack - the derivatives whiz he fired from Harvard Management Company when she tried to warn him of the risks that blew up the Harvard endowment!<br />http://www.economicpolicyjournal.com/2010/01/watch-out-larry-summers.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3622225605650065211.post-63145217250790644822009-12-21T19:48:52.237-08:002009-12-21T19:48:52.237-08:00I think you are a crazy Lefty (bigger fiscal stimu...I think you are a crazy Lefty (bigger fiscal stimulus? You crazy son.) <br /><br />But I wholeheartedly endorse your anonymity. There would be repercussions career wise if you used your name. Your ideas may or may not be bunk, but careers are not wholly determined by ideas alone. <br /><br />Also I enjoy reading your blog. Party on dude.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3622225605650065211.post-27185265266232674162009-12-21T18:43:56.030-08:002009-12-21T18:43:56.030-08:00i no smart enough to comment on econ, but i think ...i no smart enough to comment on econ, but i think tiger dominates golf, not gold.<br /><br />oh and i is pretty sure this proves you is cowardly to hide your name.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3622225605650065211.post-75332590335869196032009-12-21T16:35:03.258-08:002009-12-21T16:35:03.258-08:00"It May Be Time for the Fed to Go Negative&qu..."It May Be Time for the Fed to Go Negative"<br /><br />And the incentive for savers would be what exactly in this rosy scenario? I for one can't wait to park my money in an institution that will then loan it out at 0% (or less!). Sigh... if only we among the great unwashed could also create money out of thin air.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3622225605650065211.post-79790572793965219062009-12-21T12:03:34.707-08:002009-12-21T12:03:34.707-08:00I remember reading that article now -- and, actual...I remember reading that article now -- and, actually, I like it. The proposal he suggests would never happen though, so it lacks realism, and second, it was published back in April when the Dow was still bottom feeding. As far as I know Greg Mankiw has been silent since his stock portfolio has begun recovering...Thorstein Veblenhttps://www.blogger.com/profile/17030406395794996377noreply@blogger.comtag:blogger.com,1999:blog-3622225605650065211.post-35410303316735392572009-12-21T11:52:13.959-08:002009-12-21T11:52:13.959-08:00If you want the answer on where Mankiw stands on h...If you want the answer on where Mankiw stands on higher target inflation, he has already published his views on that. While he doesn't specifically give a numeric figure for what he thinks the Fed's target inflation rate should be, I wouldn't be surprised if he felt it should be in the 2.5% - 3% target. <br /><br />"Suppose that, looking ahead, the Fed commits itself to producing significant inflation. In this case, while nominal interest rates could remain at zero, real interest rates — interest rates measured in purchasing power — could become negative. If people were confident that they could repay their zero-interest loans in devalued dollars, they would have significant incentive to borrow and spend.<br /><br />Having the central bank embrace inflation would shock economists and Fed watchers who view price stability as the foremost goal of monetary policy. But there are worse things than inflation. And guess what? We have them today. A little more inflation might be preferable to rising unemployment or a series of fiscal measures that pile on debt bequeathed to future <br /><br />See: It May Be Time for the Fed to Go Negative<br />http://www.nytimes.com/2009/04/19/business/economy/19view.htmlTed Hnoreply@blogger.com