IF you don't like paying higher taxes "you're greedy."
Kid solution on bringing America back: put money in printer and make more money.
Future Fed head alert, look out Bernanke.
Showing posts with label Federal Reserve. Show all posts
Showing posts with label Federal Reserve. Show all posts
Friday, September 30, 2011
Kids on Taxing the rich... Fed & Bernanke counterfeiting
GMA clip 9/29/11.
IF you don't like paying higher taxes "you're greedy."
Kid solution on bringing America back: put money in printer and make more money.
Future Fed head alert, look out Bernanke.
IF you don't like paying higher taxes "you're greedy."
Kid solution on bringing America back: put money in printer and make more money.
Future Fed head alert, look out Bernanke.
Friday, September 23, 2011
Random Thought
The wisdom of various attempts to stimulate the economy is best described by paraphrasing Edison's aphorism: I haven't failed to stimulate the economy, I've found dozen of ways that don't work
Monday, September 12, 2011
Fed's Richard Fisher Confuses His Age For Wisdom
This morning on Bloomberg, Federal Reserve Bank of Dallas,@DallasFed, President Richard Fisher made snarky comments in response to Betty Liu, @BettyInTheLoop , and diminished the value of his interviewer, Sara Eisen, @saraeisenFX.
About 4 minutes in, Fisher says that the media is hyping the dissent from the most recent Fed meeting. Liu challenges him saying that the markets may have increased volatility due to the dissent.
The lack of clarity in policy, monetary and fiscal, has been a key reason why investors have been cautious and unwilling to accept risk.
Fisher goes on to buffer his initial response by stating the obvious, he is much older than either of his two hosts.
Richard Fisher's credentials are very impressive. However, he should be above diminishing others opinions due to his greater experience.
Who is to say his many years make him any more right than a five year old. For many economic questions, you would do just as well flipping a coin as you would listening to the experts. Actually, listening to the experts may be a good strategy, as long as you take the contrarion view.
"Wisdom doesn't automatically come with old age. Nothing does - except wrinkles. It's true, some wines improve with age. But only if the grapes were good in the first place" Abigal Van Buren
"The surprising thing about young fools is how many survive to become old fools." Doug Larson
About 4 minutes in, Fisher says that the media is hyping the dissent from the most recent Fed meeting. Liu challenges him saying that the markets may have increased volatility due to the dissent.
The lack of clarity in policy, monetary and fiscal, has been a key reason why investors have been cautious and unwilling to accept risk.
Fisher goes on to buffer his initial response by stating the obvious, he is much older than either of his two hosts.
Richard Fisher's credentials are very impressive. However, he should be above diminishing others opinions due to his greater experience.
Who is to say his many years make him any more right than a five year old. For many economic questions, you would do just as well flipping a coin as you would listening to the experts. Actually, listening to the experts may be a good strategy, as long as you take the contrarion view.
"Wisdom doesn't automatically come with old age. Nothing does - except wrinkles. It's true, some wines improve with age. But only if the grapes were good in the first place" Abigal Van Buren
"The surprising thing about young fools is how many survive to become old fools." Doug Larson
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