geo511

Preventing the Depression of 2009

wow I just started rereading Road to Serfdom. Since when did loving Govt come back in fashion?

The more things change the more they stay the same.




On Dec 30 04:07 PM John Lounsbury wrote:

> Frank Thoma - - -
>
> Your article brings to mind a fleeting question I haven't really
> focussed on.
>
> Can policy actions to avoid a depression actually take a situation
> which might have been a category 1 or 2 recession (using hurricane
> terms) and turn it into a category 3 or 4? How can it be determined
> which policy changes are constructive and which have the potential
> to aggravate the problems?
>
> Considering these questions (which I doubt have definitive answers),
> your discussion of monetary policy trying to target stock index performance
> targets seems to me to be a very bad idea. Monetary policy should
> have commerce performance targets (employment, credit avialability,
> GDP, etc). Stock prices respond to these factors of commerce, they
> don't produce them. Trying to manage monetary policy by targeting
> dependent variables should not be considered.
>
> Would you try to monitor colon cancer treatment by monitoring skin
> complexion?

Wall Street Breakfast: Must-Know News

I'm trying to learn a lot from all this and yes W is not doing a lot here to fix things but who is? Both party's have been trying to get knuckle heads into office for decades.

seems like no one wants to treat money with the respect it deserves and everyone wants to fund some populist charity via tax $$






On Dec 15 09:12 AM tgi nomorebush wrote:

> wonder how many that voted for king george iii bushit would do it
> again? always remember that a few days after 9-11 the king told
> the peasants to buy buy buy........... spend spend spend .......
> borrow borrow borrow .......

Paulson's Plan Fails to Understand the Problem; Madoff Is a Perfect Example

Hello Mr Wood,

I disagree with you on two points

Obama was for this plan. He was in the room when it was presented.
He's stated what he wants is increase Govt spending on roads (but we all know that will drive up taxes).

Question:
You mention needy workers building roads - how do you know the workers where the roads are going to be built are needy? Are we going to have some poverty test before deciding to build a road in an area, or are we going to ship poor workers to where roads are best built?

Sounds like a glorious start... a "Great Leap Forward" if you will :)

Paulson's Plan Fails to Understand the Problem; Madoff Is a Perfect Example

Hello Mr Wood,

I disagree with you on two points

Obama was for this plan. He was in the room when it was presented.
He's stated what he wants is increase Govt spending on roads (but we all know that will drive up taxes).

Question:
You mention needy workers building roads - how do you know the workers where the roads are going to be built are needy? Are we going to have some poverty test before deciding to build a road in an area, or are we going to ship poor workers to where roads are best built?

Sounds like a glorious start... a "Great Leap Forward" if you will :)