Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Alia

Bernanke is a Keynesian in the modern Monetarist incarnation. He is not good for the economy because he believes in and practices "adjustments". Adjustments do have effects and are always totally out of synch with economic developments simply because people who believe they can positively control the economy for the benefit of anything at all are much too short-sighted to even perceive what they are causing. Fiddlers and adjusters cannot wait 3 quarters to 2 years to be vindicated. Their political bosses must have results by spring, or the next election so the adjustments are repeated or are not so finely tuned and are made again when the results don't immediately manifest. Or they take immediate and unrelated events to be results of their adjustment and readjust in reaction and push things farther in deleterious directions.


118 posted on 11/30/2006 4:51:50 AM PST by arthurus (Better to fight them over THERE than over HERE)
[ Post Reply | Private Reply | To 107 | View Replies ]


To: arthurus
You couldn't be more wrong about Mr. Bernanke. His approach to economics is planned as opposed to reactionary. That was my point. You missed it. What you refer to as his "targetted inflation busting" is not reactionist -- it is PRO-ACTIVE - meaning, ahead of their occurrence. This is good management of the economy as opposed to the kiltering, reactionism of other economists, who are usually more concerned with feathering their own beds and acquaintances through reactionistic policy-making; which leaves everyone ragged, and for no damned good reason across the board.

Mr. Bernanke is obviously well acquainted with Friedman economics.

Furthermore, Mr. Bernanke's specialty of study IS "inflation". Mr. Bernanke is superb, far better than anyone else I could have come up with for the position of Fed Chair. His management and philosophy is good management -- and permits all producers to see up front what the plan is, and for them to make plans accordingly. Hell, for that matter, his upfront, pro-active management permits NON-PRODUCERS to see what's up ahead, and to plan accordingly. This is then, non-partisan economics. They way it's supposed to work.

This is good stewardship. There's nothing sneaky, flakey, or wiffly about it. His good planning, therefore, cannot be bought or sold by either those domestic nor those abroad.

Example: Let's posit I dislike this policy of moving US exports. I can sit in the stewpot and whine about it. Or, act appropriately and accordingly.

Liberal moonbat theory posits then, that "I" am being manipulated, owned, by the Feds. What BS. This line of BS sounds exactly along the usual classless, lying BS propogated by the ACLU and the Socialists' "A coal miner should make the same amount of income as a Medical Doctor".

121 posted on 11/30/2006 5:09:37 AM PST by Alia
[ Post Reply | Private Reply | To 118 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson