Elections on 2012. Obama wants the Fed to inflate to create a mini-bubble and give the impression that the economy is improving so he can use it during the campaign.
Yea I guess that's why he's said he's sticking to his promise to not raise the debt ceiling.
Who are you talking about? I dont understand your answer.
Quote
You hire people who work in the field and have experience. That's the problem with these positions: you basically have to hire the fox to watch the chicken coup, because the fox is the only one who knows what its weaknesses are.
As for Bernanke, he follows the same school of economics most other top economists do. Hiring anyone else would result in similar decisions (even Ayn Rand fan Greenspan did Keynesian things when he thought they were prudent).
As for Bernanke, he follows the same school of economics most other top economists do. Hiring anyone else would result in similar decisions (even Ayn Rand fan Greenspan did Keynesian things when he thought they were prudent).
+1