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To: Toddsterpatriot; Mase; expat_panama

Nice summary from Kudlow.


10 posted on 04/12/2014 10:55:47 AM PDT by 1rudeboy
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To: 1rudeboy
Too bad no one at the Fed will be listening to Kudlow. It appears that the Obama admin excuse making machine is now firmly entrenched at the Fed, too.
11 posted on 04/12/2014 11:16:19 AM PDT by Mase (Save me from the people who would save me from myself!)
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To: 1rudeboy
Nice summary from Kudlow.

--sure if you're into making a religion out of monetary policy.  The thing is that while religious orthodoxy is appropriate and necessary for addressing ultimate issues ("we shall oppose needless human suffering"), it doesn't work in developing effective monetary policy ("I'd like to see King Dollar appreciate by 10 to 15 percent...   ...Amen").  In fact, it's flat out crazy.

I mean, just what in the ever-loving hell does Kudlow think he's talking about with his Almighty King Dollar worship?  He wants what, purchasing power meaning 10-15% deflation?   If he means foreign exchange rates then which currencies are we supposed to devalue?

Perhaps maybe he's coming down with WPS (warped pundit syndrome) that's been going around, like we've been seeing in Krugman and PC Roberts.

16 posted on 04/12/2014 4:09:35 PM PDT by expat_panama
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