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  • Posted by mia767ca 5 years, 8 months ago
    1st treasury secretary under Obama..Geitner...wrote book...they came within 48 hours of shutting down the ATMs and closing the banks in late 2008, before someone made them realize that that would be the end of civilization
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  • Posted by 5 years, 8 months ago
    Yes, and it seems there have been 57 economic "events" since the Fed was created that can be attributed to the softening of US currency.
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  • Posted by term2 5 years, 8 months ago
    In addition, this whole unbalanced trade thing is due to abandoning the gold standard. So now, we put up with ridiculous tariffs that wont work to cover over the fact we have printed money to pay for Chinese goods. We print, they hold on it it, and therefore inflation of the us dollar is delayed. The chickens will come home to roost however, and the inflation the government created will come back in force- causing probably some additional actions to cover THAT over.
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  • Posted by 5 years, 8 months ago
    It's very clear Keynes' influence is alive and well, even if we don't hear his name as much. Krugman is still spewing at the NYT, almost every economist in the country analyzes Fed policy and fiscal policy initiatives, and GDP.
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  • Posted by Herb7734 5 years, 8 months ago
    Anyone who tries to run anything, not to mention a nation, based on Keynesian economics is bound to fail from the outset. Its like the practice of letting blood in order to cure a disease. It does the opposite.
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  • Posted by 5 years, 8 months ago
    September 7th is the 10th anniversary of the Fannie Freddie fail. Will trumpets blare on CNN with the headlines that Osama is dead, and Fannie Mae lives?
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