tag:blogger.com,1999:blog-8897997766931633186.post2846380552099315051..comments2024-02-14T03:21:37.506-05:00Comments on Monetary Freedom: Why Do I Believe Monetary Policy is Always Enough?Bill Woolseyhttp://www.blogger.com/profile/06330232724290161369noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8897997766931633186.post-73539004024002308112015-10-18T10:03:24.578-04:002015-10-18T10:03:24.578-04:00Frankly speaking for low investors or small trader...Frankly speaking for low investors or small traders like me, it is all very important because it definitely has some kind of effect on the market. I am working with OctaFX broker where I get loads of benefits especially with their daily market analysis feature which is handled by highly qualified team of experts, so that is definitely great and helps me in every way which is why I am able to be so relaxed and comfortable while working here.Ayeshanoreply@blogger.comtag:blogger.com,1999:blog-8897997766931633186.post-41395031166028508882012-12-29T02:03:05.677-05:002012-12-29T02:03:05.677-05:00Hi, Nice post thanks for sharing. Would you please...Hi, Nice post thanks for sharing. Would you please consider adding a link to my website on your page. Please email me back. Thanks!<br /><a href="http://www.ppiclaimsmadesimple.net/" rel="nofollow">PPI Claims Made Simple</a><br />mjohn792@gmail.comAnonymoushttps://www.blogger.com/profile/16773913463389444385noreply@blogger.comtag:blogger.com,1999:blog-8897997766931633186.post-34247722224867613042012-12-28T00:07:57.226-05:002012-12-28T00:07:57.226-05:00In my view, the monetary authority should be diver... In my view, the monetary authority should be diversified rather than operating as an effective branch of the Treasury and ignoring the risk of default by the "fiscal authority" (the politicians.) <br /><br />I am not sure what this means. I understand that you think the Fed should buy a variety of debt instruments. (I believe in only government bonds). <br /><br />The end result, barring a huge wave of defaults in the bonds that Fed buys, would still be huge tax relief for taxpayers. When the Fed either sells or holds to maturity private-sector bonds, the extra money is funneled into the Treasury.<br /><br />So, the Fed becomes a revenue function---and thus should be placed within the Treasury, and subject to democratic control. (That's democratic with a small "d"!)<br /><br />The real question is this: How long will the Fed have to conduct QE, and are we talking trillions of dollars? I think we are, but no one wants to admit it. It no longer makes sense to have an independent central bank---it is poor governance, not transparent, not accountable, not providing clarity. <br /><br />As for providing clarity, I think the Fed should, as it is part of good governance.<br /><br />But I doubt it matters much. The public places little trust in any federal officials, central bankers to boot. No one believes a Fed promise to do something. That is, if they even know what is the Fed, or who Bernanke is, or what is QE.<br /><br />So we come back to sustained QE as the only course for the Fed. Print money until the plates melt. Then issue scrip. <br /><br /><br /><br /><br /><br />Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com