Concerning running dog Goolsby whose first dedication as an academic should be to truth made his sequestration explanation without having investigated. Liesman caught him. Later, Jan Hatzius, GS's good but brittle German accented economist, pointed out that sequestration represented less than 10k of the alleged job report short fall. Goolsby sure is a bad ad for U of C.
None of these guys has any clue. Hatzius later in his interview said about Japan that it was a good idea that Japan was opening the money floodgates to fight deflation. Such original thinking! All these guys have been cut from the same pseudo Keynesian clothe, and therefore, think the same way. Not one of them has observed that all the attempts at fighting "deflation" in the world with money pumping have failed. The fools can't see that it is money pumping whether the core money is utilized or not, causes the deflation they're presumably trying to address. This is the way it is in a think tank. You only can think along accepted lines, and doing that leaves you clueless.
Why doesn't BOJ try something else? Something like raise rates. Can't these fools see that it is behavior that needs to be changed. What BOJ et al have done does not change behavior so BOJ must change its behavior. Since BOJ can't it must be the case that it will end badly for them.
Let's see. We have FED, BOJ, BOE, ECB, et al, practicing the same wrong monetary policy, and so it must end badly for all of them. Since they're instantaneously linked it must end badly for all of them simultaneously. These same actors and their govt. shills created the 2008 financial crisis. In the interim nothing whatsoever has been done to fix that mental problem. No. Instead everywhere people installed or reinforced socialist governments with their eternal prosperity seeking lap dogs pursuing a path that will create another financial crisis. Since none of these guys has a clue, can't see what they're doing, and believe the same thing, the new, bigger crisis is sure to occur. |
