Bernanke's worst nightmare: Ron Paul (user search)
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  Bernanke's worst nightmare: Ron Paul (search mode)
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Author Topic: Bernanke's worst nightmare: Ron Paul  (Read 1884 times)
Gustaf
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Political Matrix
E: 0.39, S: -0.70

« on: November 15, 2010, 03:57:39 PM »

Letting politicians run monetary policy has worked out so great in the past that this is a great development.
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Gustaf
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Atlas Star
*****
Posts: 29,782


Political Matrix
E: 0.39, S: -0.70

« Reply #1 on: November 16, 2010, 01:52:09 PM »

Letting politicians run monetary policy has worked out so great in the past that this is a great development.

Letting banksters run monetary policy has worked out so great, it's only given us a few minor busts like the Great Depression and the Crash of 08.

Lol. You don't really know what running monetary policy is, do you?

Why don't you read up on the concept of independent central banks? Wikipedia might be a good place to start: http://en.wikipedia.org/wiki/Central_bank
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Gustaf
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Atlas Star
*****
Posts: 29,782


Political Matrix
E: 0.39, S: -0.70

« Reply #2 on: November 16, 2010, 03:16:39 PM »

Au contraire, libertas, it always helps a responsible moderate to have crazies attacking him, and thus by reaction increasing his support among sanes.

The classic example is the '72 Nixon landslide, but it applies to lesser public figures than president as well.

Ah, so you're a Nixon '72 man too, not surprised.

But LOL @ Tricky Dick being a "responsible moderate".

Letting politicians run monetary policy has worked out so great in the past that this is a great development.

Letting banksters run monetary policy has worked out so great, it's only given us a few minor busts like the Great Depression and the Crash of 08.

Lol. You don't really know what running monetary policy is, do you?

Why don't you read up on the concept of independent central banks? Wikipedia might be a good place to start: http://en.wikipedia.org/wiki/Central_bank

Yes, I am well aware of how such criminal operations are run. From your comments I have to conclude that it is you who needs to read up on the issue of monetary policy.

Always with the playground taunts. See, monetary policy wasn't run by "banksters" when the Great Depression hit. Central banks were not independent and their was no monetary policy in the modern sense, because currency devaluations and inflation was not allowed.
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Gustaf
Moderators
Atlas Star
*****
Posts: 29,782


Political Matrix
E: 0.39, S: -0.70

« Reply #3 on: November 16, 2010, 03:18:31 PM »

Letting politicians run monetary policy has worked out so great in the past that this is a great development.

Considering QE2 is just as political as it is an economic plan, they'll screw up some more, and then it's back to business.

I'm not totally following.
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