tag:blogger.com,1999:blog-8897997766931633186.post1819763705758505729..comments2024-02-14T03:21:37.506-05:00Comments on Monetary Freedom: Sumner vs. KrugmanBill Woolseyhttp://www.blogger.com/profile/06330232724290161369noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-8897997766931633186.post-27045208778890152902017-01-03T11:52:43.676-05:002017-01-03T11:52:43.676-05:00It will be hard to figure out where the policy wil...It will be hard to figure out where the policy will work out, so we need to make sure we work with simple and straight forward approach. As only then we will be able to work it out better. Right now, I am trading with OctaFX broker, as with them since they are awesome with having mind blowing conditions that include from steady spreads from 0.1 pips, zero balance protection, rebate program where we get 50% back on all trades, so that’s very handy!Rellionnoreply@blogger.comtag:blogger.com,1999:blog-8897997766931633186.post-74073663956332243762010-08-04T00:19:09.707-04:002010-08-04T00:19:09.707-04:00Congrats on your politicial win! James Island is a...Congrats on your politicial win! James Island is about to have the best monetary policy around!jsalvatihttps://www.blogger.com/profile/16509764680257537430noreply@blogger.comtag:blogger.com,1999:blog-8897997766931633186.post-38067828925253258262010-06-14T11:59:56.908-04:002010-06-14T11:59:56.908-04:00Bill,
I'm wondering how you think Frank Knigh...Bill,<br /><br />I'm wondering how you think Frank Knight or the Austrians would critique the New Keynesian paradigm. Wouldn't they argue that the pool of real savings is so large relative to marginal changes that we can assume that the Wicksellian natural rate is much more stable and not as prone to manipulation as suggested by the New K model? Are the New K's making a distinction between real rates and Wicksell's natural rate? If so, what is that distinction?leonoreply@blogger.comtag:blogger.com,1999:blog-8897997766931633186.post-10549872127664039032010-06-06T13:01:23.975-04:002010-06-06T13:01:23.975-04:00This comment has been removed by the author.Bill Woolseyhttps://www.blogger.com/profile/06330232724290161369noreply@blogger.comtag:blogger.com,1999:blog-8897997766931633186.post-70135824931811615002010-06-06T12:06:33.175-04:002010-06-06T12:06:33.175-04:00Somebody help me out here. What specifically are t...Somebody help me out here. What specifically are the more "radical" reforms mentioned in the last sentence?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8897997766931633186.post-71070749158694138382010-06-06T10:07:13.109-04:002010-06-06T10:07:13.109-04:00Lee Kelly,
Kelly,
"This land is your land,...Lee Kelly,<br /><br />Kelly, <br /><br />"This land is your land, this land is mine..."<br /><br />But not the money supply. That's just mine, and you can't have any of it.<br /><br />So, there!DG Lesvicnoreply@blogger.comtag:blogger.com,1999:blog-8897997766931633186.post-73877016897997244152010-06-06T09:34:15.163-04:002010-06-06T09:34:15.163-04:00Bill,
What I don't understand about the liqui...Bill,<br /><br />What I don't understand about the liquidity trap is what you mention in your last paragraphs: why not just buy assets that don't have near zero interest rates!? Surely this must have occurred to economists as clever as Krugman. All interests rates would need to be near zero for monetary policy to become ineffective.<br /><br />I can understand the logic behind a fiscal stimulus, but can it ever be preferable to a monetary stimulus? I don't think so.Lee Kellyhttp://www.criticalrationalism.netnoreply@blogger.comtag:blogger.com,1999:blog-8897997766931633186.post-5168006312936788232010-06-06T09:10:13.281-04:002010-06-06T09:10:13.281-04:00Lesvic,
One could say the same to you. It is not ...Lesvic,<br /><br />One could say the same to you. It is not <i>your</i> money supply. You have no right to the value (or changes in the value) of any asset, money included. If you choose to hold an asset that does not have a fixed supply, then expect its supply to change. You wish to control the money supply no less than Ben Bernanke--your's is nothing but an alternative tyranny.Lee Kellyhttp://www.criticalrationalism.netnoreply@blogger.comtag:blogger.com,1999:blog-8897997766931633186.post-23477489482167603772010-06-06T01:44:05.694-04:002010-06-06T01:44:05.694-04:00Haven't read it all thoroughly and carefully, ...Haven't read it all thoroughly and carefully, but, from what I have read and absorbed, it seems to me that the disagreement here is between Keynesians, agreeing that the market is saving too much and spending too little, and disagreeing only over how best to get it to save less and spend more.<br /><br />Seeing myself not as one of the Keynesian puppet-masters of the economy, but as one of the tea drinkin' puppets, I am not so happy with idea of a macro-master deciding how much I should spend and save, but prefer to decide that for myself. <br /><br />So, keep your cotton pickin' (aren't you glad I didn't say f***in') hands off my money and money supply.DG Lesvichttp://www.econotrashtalk.orgnoreply@blogger.com