Relevant:
- The Fed's Credit Channel Is Broken And Its Bathtub Economics Has Failed | David Stockman
- More Proof of Janet Yellen's Idiocy - David Stockman
- Janet Yellen needs to announce her resignation -- not a rate hike
- The Financial Folly Lurking Beneath Yellen's Patient Lack Of Impatience | David Stockman
- Low Inflation Is No "Mystery" (QE DIDN'T WORK!!)
2014-05-09 — davidstockmanscontracorner.com
``As has now been apparent for decades, the Great Inflation of the 1970s was a live fire drill that proved Keynesian activism doesn't work. That particular historic trauma showed that "full employment" and "potential GDP" were imaginary figments from scribblers in Ivy League economics departments--not something that is targetable by the fiscal and monetary authorities or even measureable in a free market economy.''
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
