Romney Would Give Bernanke The Boot

pspr · Apr 25, 2012

Tsing Tao · Apr 25, 2012

That, in itself, is worth the vote I'll give him. The problem, of course, is he'll put another idiot in his place.

Of course this means Bernanke will do all he can to keep Obama in charge.

pspr · Apr 25, 2012

Quote from Tsing Tao:

That, in itself, is worth the vote I'll give him. The problem, of course, is he'll put another idiot in his place.

Of course this means Bernanke will do all he can to keep Obama in charge.

QE-3 if the economy heads for the tank again this summer?

Tsing Tao · Apr 25, 2012

Quote from pspr:

QE-3 if the economy heads for the tank again this summer?

He already mentioned the possibility today. The markets loved it. The problem is that so did oil, and gas prices will follow.

Bernanke only has one trick in his bag - print money. That's it. Nothing else. He can change the way he prints, but at the end of the day, he knows nothing else. So the result will be the same - inflation.

Grandluxe · Apr 25, 2012

Ben Bernanke is the only guy that is worse than Obama, he was simply Bush's greatest mistake.

This guy should be tried for economic crimes and then shot. What a fucking waste of space.

PHOENIX TRADING · Apr 25, 2012

Quote from pspr:

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Fvcking meaningless unless he meant he would dissolve the FED.

achilles28 · Apr 25, 2012

I think this is a bone for the Libertarian-wing of the GOP. Doesn't mean much. Romney is Wallstreet and the Fed will continue in the same direction, under a new Chairman.

Covertibility · Apr 26, 2012

Ya know Milton Friedman was a QE supporter back in the day when he talked about Japan. What kind of republican doesn't support old Milty?

Given the state of the world economy, a new Fed chairman won't do anything different. Etch A Sketch was just going along with popular opinion at the time.

Tsing Tao · Apr 26, 2012

Quote from Covertibility:

Ya know Milton Friedman was a QE supporter back in the day when he talked about Japan. What kind of republican doesn't support old Milty?

This one.

http://pragcap.com/milton-friedman-misunderstood-quantitative-easing

As for recommending Japan to use QE, yeah, that's got them doing alright now, hasn't it? 10 years of QE and they're swinging along wonderfully. Wait...no they're not. Oops.