Respose to Alan

Thanks for the article. Here are some of my comments. 
The Fed is a private corporation. It has definitely exceeded it founding purposes. http://www.globalresearch.ca/who-owns-the-federal-reserve/10489,  
The discussion on GDP was enlightening. 
The author lives in his own world. 
He is right that it is very complex.
 I certainly agree that negative interest rates are an awful idea as did Keynes. (Who knows, maybe we should have stayed on the gold standard with some modifications.)
Bernanke was no Keynesian and neither were his failed policies.
 I was born and raised in the depression and Federal spending did make a huge difference. 
I wonder why he doesn't discuss war and empire which are really throwing money down the rat hole and unbalancing our economy.
I have to agree with him that very low interest rates are hurting seniors and bond holders. "Saving" money in the bank is a joke. After a year or two your money plus interest is worth less than you put in. This is already negative interest rates.  
He throws in no real argument about federal spending as he does about the Fed's policies.
I have to agree with him that a good part of the growth was due to market forces that finally decided to get down to business. 
His number 1 and 3 suggestions make a lot of sense. He does not understand Social Security. 
Infrastructure building makes sense also and looking for creative ways to pay for it is definitely a plus.  Also his argument that we will have to do it later anyway is spot on. He could have mentioned that it would be more expensive and we would lose the benefits of a good infrastructure during that time. We live in a competitive world.
Sorry time is running out.


Frank

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