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Posted on 04/18/2011 10:55:03 AM PDT by neverdem
The morning Tom Hoenig, president of the Federal Reserve's regional bank here, announced that he would retire Oct. 1, newspapers nationwide reported that henceforth the Fed's chairmen will hold quarterly news conferences. This is probably both regrettable and inevitable.
The Fed is called "independent" because it was created to insulate monetary policy from political pressures. But it was created by Congress, which can do what it wants with the Fed...
--snip--
Is it, he is asked, mere coincidence that the Great Depression was (a) America's longest slump and (b) the one combated by the most government activism? Hoenig answers: "There were a lot of government activities that caused people to hesitate."
Is it mere correlation, not causation, that the recession which ended in June 2009, although not the nation's most severe, has received the most ambitious government attempts at amelioration, yet has been followed by the most sluggish recovery from a sharp contraction in modern times?
Hoenig's answer is oblique but suggestive: Given uncertainties, including those created by government policies, investors "freeze up and pull back. When you don't know, you go still." He says, "Capitalism isn't a straight line, it's a zigzag, and when you introduce policies to eliminate the zigzag, you can introduce instability."
Or stagnation. Or the faux dynamism created by a "buy now" spirit fueled by inflation expectations. They are inevitably unleashed by dramatic, protracted expansion of the money supply because confidence in fiat money eventually varies inversely with the quantity of such money.
(Excerpt) Read more at pittsburghlive.com ...
“George Will:Voice of a conservative populist”
This from the Onion...right?
... gun grabber. "Whatever right the Second Amendment protects is not as important as it was 200 years ago... The government should deconstitutionalize the subject by repealing the embarrassing Amendment."
If you do not support the 2nd Amendment, you are by definition NOT a political conservative. Will is not a conservative. He is a hoplophobic blowhard.
G. Will is a democrat political WHORE..
George Will knows RINOs, but conservatives ....?
When is the last time he talked with anyone outside of at a DC cocktail party or the owners’ box at an Orioles game?
Yep. George “Will Of The People,” that’s what I’ve always called him. He’s a genuine dyed-in-the-wool populist.
Why, I was just telling ol’ George the other day down at the bowling alley, “George, you’ve really got the touch with everyday folks like me.” George just blushed, shuffled his steel toed workboots a bit and then uttered a humble “shoot, ‘tweren’t nothin.”
He’s the real heart of America, that George Will.
Had to go to the link to check if that was really the headline. It is. Totally inane.
Dudes, "conservative populist" doesn't refer to Will. It's the title of the column, which is about this Fed guy named Hoenig.
... gun grabber." "Whatever right the Second Amendment protects is not as important as it was 200 years ago... The government should deconstitutionalize the subject by repealing the embarrassing Amendment."
If you do not support the 2nd Amendment, you are by definition NOT a political conservative. Will is not a conservative. He is a hoplophobic blowhard.
You can say the same about Krauthammer and Robert Bork. Just because they are wrong about the Second Amendment doesn't mean that they are wrong about everything else.
Until recently, starting with the 2006 election, if someone was right about the Second Amendment, about 90 % of the time they were conservative. Rats took advantage of that for the last two Congresses until last November. That's why no significant gun grabbing happened during the Pelosi and Reid Congresses.
That's not George Will's fault. The column is syndicated, not the title. Locals at the Pittsburgh Tribune-Review picked that.
I got that. It’s Bob Dole that talks about Bob Dole in the third person, not Will. ggggg
You don't expect these people to read for comprehension, do you?
The problem with FR these days is that so many posters hate so many people, they don't even bother to think anymore. They just spout off with a stupid rant and it goes downhill from there.
So much for the myth of the "thinking conservative."
LOL!
Thirty years or so ago, I went back to college and the question came up in a discussion; What will happen when the sum total of knowledge is available at our finger tips? I surmised, nothing unless someone is willing to read it, and I doubted many would.
I could say the same thing about the Bible, but I won't go there.
You don't expect these people to read for comprehension, do you?
The problem with FR these days is that so many posters hate so many people, they don't even bother to think anymore. They just spout off with a stupid rant and it goes downhill from there.
So much for the myth of the "thinking conservative."
At least Will is honest enough to agree that his goals would actually require a constitutional amendment. Most liberals think it is OK to have a judge ignore the constitution to achieve their goals.
Like David Brooks of the NYTimes, Will is the liberals' "conservative" whom they march out to present our side of the argument. Since he is more like them than us they use him a lot. He is also considered an intellectual, another reason they like him. However, he is not a true intellectual like Thomas Sowell whom they avoid like the plague.
The 2nd amendment, when not interfered with by local restrictions, greatly ameliorates crime and eliminates the need for a large police presence. Since liberals like big government and a large police presence, they are against the 2nd amendment.
I wonder what Will has against it? I wonder what he thinks about "Gunwalker?" Doesn't that indicate a need for citizens to be armed against the government as well as against drug dealers and petty criminals?
Thanks for allowing me to add a new word to my vocabulary. I had not heard hoplophobic although I have seen many of them.
I doubt it. I doubt he displays the kind of white-eyed horror at the mere sight of a weapon, that would be typical of a clinical hoplophobe.
Rather, I suspect his attitude is that of a Virginia country squire of 250 years ago, who thought that people below the salt ought not to possess weapons in numbers sufficient to cause squirearchs to lose sleep at night after a hard day of abusing the hired hands.
Correcto. Kept men, who can be counted on to "be nice" and play/fight to lose. What bitter enemy Theodore White once called, patronizingly, the "best of their kind" ... as opposed to the "primitives" who nominated Barry Goldwater and Ronald Reagan based on "emotion". (As opposed to thought, of course. Which White reserved for the Left.)
Will and Brooksie, reliable RiNO's who will always pull for the Judas-horse GOP candidates, who'll lead the "primitives" into the RNC Corral, there to vote and die with the weakest possible RiNO candidate. Just like 1996 and 2008.
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