Posted on 11/09/2010 3:18:21 AM PST by markomalley
Here's what Bernanke and the Fed are really trying to do:
http://www.freerepublic.com/focus/news/2623223/posts?page=139#139 - FR, 2010 November 09
Keynesian / Krugmanian "government stimulus spending is never big enough" fiscal policy and anti-competitive laws (e.g., Sarbox and Dodd-Frank) and regulations that starve U.S. private sector of capital and incentives have been practiced for too long by both parties cannot be fixed by any monetary policy or any central bank. It didn't work in Iceland, Greece, Ireland etc. despite ECB's "stringent" deficit ratios requirements.
On the other hand, the entire $800B+ shovel-ready "Pork-stimulus" should be considered a theft and "shoveled" right back at them where the sun doesn't shine.
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