Comments on: Fire Ben Bernanke http://alhambrainvestments.com/fire-ben-bernanke/ Independence is its own reward Mon, 21 May 2012 15:00:28 +0000 http://wordpress.org/?v=2.6 By: World Wide News Flash http://alhambrainvestments.com/fire-ben-bernanke/#comment-1655 World Wide News Flash Tue, 21 Sep 2010 19:14:53 +0000 http://alhambrainvestments.com/?p=6698#comment-1655 <strong>Fire Ben Bernanke | Alhambra Investments...</strong> I found your entry interesting do I've added a Trackback to it on my weblog :)... Fire Ben Bernanke | Alhambra Investments…

I found your entry interesting do I’ve added a Trackback to it on my weblog :)…

]]> By: Joseph Y. Calhoun, III http://alhambrainvestments.com/fire-ben-bernanke/#comment-1603 Joseph Y. Calhoun, III Wed, 08 Sep 2010 03:30:47 +0000 http://alhambrainvestments.com/?p=6698#comment-1603 Amen, Joe. Fire Larry Summers will be the next installment in this series. Amen, Joe. Fire Larry Summers will be the next installment in this series.

]]> By: Joe Gomez http://alhambrainvestments.com/fire-ben-bernanke/#comment-1596 Joe Gomez Tue, 07 Sep 2010 17:13:07 +0000 http://alhambrainvestments.com/?p=6698#comment-1596 Leverage is fun but de-leveraging is a bitch. I believe the entire team of economic advisors needs to step down. Whatever they're doing ain't working. Leverage is fun but de-leveraging is a bitch. I believe the entire team of economic advisors needs to step down. Whatever they’re doing ain’t working.

]]> By: Joseph Y. Calhoun, III http://alhambrainvestments.com/fire-ben-bernanke/#comment-1585 Joseph Y. Calhoun, III Tue, 07 Sep 2010 02:19:32 +0000 http://alhambrainvestments.com/?p=6698#comment-1585 The Fed surely is responsible for the high level of debt in the economy if not Bernanke directly. Bernanke did spend 3 years on the Board prior to becoming chairman and he was the one warning about deflation back in 2002. The fear of deflation, perhaps heightened through the influence of Bernanke, led directly to the extended period of loose policy (signified by a falling dollar) that produced the housing bubble. It is interesting that Bernanke came to prominence by invoking the fear of deflation. Is it coincidence that a Depression scholar - the only period of sustained deflation in the last century - enhanced his career by seeing deflation where it didn't exist? A little cognitive bias perhaps? As for moving our economy along any faster, well that isn't the job of the Fed. Their job is to provide a stable financial framework within which the economy can function properly. That's it. The things that affect real growth such as tax, spending and regulatory policy are promulgated by our elected officials. If monetary policy is neutral to the economy and we are performing poorly, we know where to place the blame. The Fed surely is responsible for the high level of debt in the economy if not Bernanke directly. Bernanke did spend 3 years on the Board prior to becoming chairman and he was the one warning about deflation back in 2002. The fear of deflation, perhaps heightened through the influence of Bernanke, led directly to the extended period of loose policy (signified by a falling dollar) that produced the housing bubble. It is interesting that Bernanke came to prominence by invoking the fear of deflation. Is it coincidence that a Depression scholar - the only period of sustained deflation in the last century - enhanced his career by seeing deflation where it didn’t exist? A little cognitive bias perhaps?

As for moving our economy along any faster, well that isn’t the job of the Fed. Their job is to provide a stable financial framework within which the economy can function properly. That’s it. The things that affect real growth such as tax, spending and regulatory policy are promulgated by our elected officials. If monetary policy is neutral to the economy and we are performing poorly, we know where to place the blame.

]]> By: Stewart Harries http://alhambrainvestments.com/fire-ben-bernanke/#comment-1584 Stewart Harries Tue, 07 Sep 2010 01:58:02 +0000 http://alhambrainvestments.com/?p=6698#comment-1584 Are you not criticising the wrong person here ? Who got your country so massively in debt in the first place that your Fed has no resorces left to move your economy along any faster than it is currently moving? I don't think Bernanke was responsible for that.. Are you not criticising the wrong person here ? Who got your country so massively in debt in the first place that your Fed has no resorces left to move your economy along any faster than it is currently moving? I don’t think Bernanke was responsible for that..

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