tag:blogger.com,1999:blog-11719208.post2742323279527369132..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Ben Bernanke and "inflation expectations"Timhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-11719208.post-84539135316937442732008-06-11T03:56:00.000-07:002008-06-11T03:56:00.000-07:00Ben is a stinkin' liar who is probably getting ulc...Ben is a stinkin' liar who is probably getting ulcers and regretting the day he accepted the job. Good for him; I hope they become perforating ulcers.<BR/><BR/>Having lied about the real rate of price inflation, changed the methodology, and still failed to quell it, Ben has shifted to "expectations" of inflation.<BR/><BR/>This is absolutely beautiful. If price inflation continues to rise, Ben will simply blame us because we expected it and therefore caused it.<BR/><BR/>This analysis was valid when US employees had leverage and could get higher wages. With de-unionization and the appalling state of the jobs market, employees are lucky to get a ride home after getting fired.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-5116997851304579202008-06-11T01:54:00.000-07:002008-06-11T01:54:00.000-07:00This is my favorite picture of Ben.<A HREF="http://br.endernet.org/~akrowne/econ/pics/helicopterbernanke.jpg" REL="nofollow">This</A> is my favorite picture of Ben.Aaron Krownehttps://www.blogger.com/profile/10625220296615695247noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-59553569660852828632008-06-10T17:00:00.000-07:002008-06-10T17:00:00.000-07:00I don't know what's more appropriate, an image of ...I don't know what's more appropriate, an image of Ben in a helicopter dropping money onto the masses, or Ben in a pith helmet with matching khaki shirt and shorts hacking interest rates to pieces with a machete. Has Kal done any cartoons with a Safari Ben motif? It might be appropriate with the new Indiana Jones images around. Maybe Ben could run down a tunnel while the boulder of inflation chases him.<BR/><BR/>I agree with Tim on the rate cuts. The question of the Fed cutting rates isn't a matter of probability, it's a matter of frequency. How much, how fast, how soon.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-17579727711360947972008-06-10T09:22:00.000-07:002008-06-10T09:22:00.000-07:00Hope readers understand that the only things that ...Hope readers understand that the only things that can be done to truly support the currency are spending cuts and interest rate hikes. What is the likelihood of that happening? Go ahead, make my day.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-60668935786971470952008-06-10T09:21:00.000-07:002008-06-10T09:21:00.000-07:00I don't believe a word Bernanke says. Caroline Ba...I don't believe a word Bernanke says. Caroline Baum had a good column a few days back that sort of spelled out what a lot of people think: it's all show. The guy has zero credibility as a hawk.<BR/><A HREF="http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_baum&sid=aCgdwY3fhANI" REL="nofollow">Caroline Baum</A><BR/><BR/>Russ Winter had a good column about this today. Not that I agree 100%, but interesting:<BR/><A HREF="http://wallstreetexaminer.com/blogs/winter/?p=1709" REL="nofollow">Russ Winter</A><BR/><BR/>Here's my take as well:<BR/><A HREF="http://www.creditwritedowns.com/2008/06/caroline-baum-dollar-policy-for-dummies.html" REL="nofollow">Edward Harrison</A>Edward Harrisonhttps://www.blogger.com/profile/06078305973678479125noreply@blogger.com