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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (501064)	8/4/2009 2:58:53 PM
From: bentway	Respond to of 1576884

Volker is with Obama: ..and knows there's a time to open the tap, and a time to close it. He supports what Obama is doing.

To: Tenchusatsu who wrote (501064)	8/4/2009 7:51:58 PM
From: combjelly	Read Replies (1) \| Respond to of 1576884

"Funny how Obama's fiscal policies don't reflect Volcker at all." Different circumstances require different approaches. Fighting inflation in a deflationary scenario invites disaster. "Just a bunch of wishful thinking that we can control inflation once it rears its ugly head." The techniques to bring inflation under control are well known. And again, it depends on the scenario as to which ones are best. We were well on the road to high inflation when the economy cratered. While effective, it isn't really a preferred method.