Gerhard Stoltz's personal annotations on this page
Jrstoltz bookmarked
on 2009-11-04
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Bernankeism is a form of voodoo economics. It assumes that the economy is
constantly suffering demand deficiencies, in relation to supplies of basic
products such as oil and food commodities, and that the remedy is sheer "money
helicoptering". This is different from the thinking of John Maynard Keynes, who
called for infrastructure spending to stimulate the economy and discarded money
injection into banks that can create a liquidity trap, or monetizing record
fiscal deficits on current expenditure that cannot be rolled back later for
political reasons. -
Bernanke has constantly denied any link between monetary policy and commodity
prices, even though all money injection was going straight to speculation in
stocks and commodities. -
banks were taking free money from the Fed, buying
government bonds, and making a 3.8% net gain.
This link has been bookmarked by 1 people . It was first bookmarked on 04 Nov 2009, by Gerhard Stoltz.
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Bernankeism is a form of voodoo economics. It assumes that the economy is
constantly suffering demand deficiencies, in relation to supplies of basic
products such as oil and food commodities, and that the remedy is sheer "money
helicoptering". This is different from the thinking of John Maynard Keynes, who
called for infrastructure spending to stimulate the economy and discarded money
injection into banks that can create a liquidity trap, or monetizing record
fiscal deficits on current expenditure that cannot be rolled back later for
political reasons. -
Bernanke has constantly denied any link between monetary policy and commodity
prices, even though all money injection was going straight to speculation in
stocks and commodities. - 1 more annotations...
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