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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (62860)	6/6/2006 12:08:33 PM
From: CalculatedRisk	Read Replies (3) \| Respond to of 110194

Professor Hamilton: Bernanke tells it like it is econbrowser.com Excerpts: The "inflation dovers" at the time counseled, "yeah, yeah, he's just saying that, he doesn't really mean it." The news to them is that, insofar as incoming data may signal an increase in the public's inflation expectations, the Fed is actually going to do something about it. But I've been telling Econbrowser readers all along that this man says what he means and means what he says. Anybody who claims otherwise just doesn't know him.

To: ild who wrote (62860)	6/6/2006 2:39:42 PM
From: ild	Respond to of 110194

Date: Tue Jun 06 2006 14:27 trotsky (@the Fed) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved whether it's 'inflation targeting' ( the term itself is a collossal joke ) , 'interest rate targeting' or 'money supply growth targeting' - in the end it always rests on the more than dubious assumption that a bunch of bureaucrats knows better than the market what the price of money should be. this is also known as central economic planning, which has demontrably failed to work everywhere it's been tried. the only 'theory' worth considering when it comes to the central bank is how to achieve its abolition as quickly as possible. as a first step, the entire board of governors could tender its resignation - pointing out in its farewell speech that it has realized that the market should set interest rates. of course that won't happen, but it can't hurt to now and then point out what SHOULD happen. the enormity of the ongoing economic disaster the fiat money regime is inflicting on us can not possibly be over-emphasized.