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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (26632)	1/28/2010 12:45:31 PM
From: Real Man	Read Replies (1) \| Respond to of 71463

Yes, the Fed actively blew a credit bubble under AG. There is a distinction between crime and being clueless. AG, as early Austrian school economist, belongs to the former category, while Ben IMHO to the latter. There was a bundle of clueless economists during the Great Depression, so this is not a new thing. Like I said, the whole bunch of economists elaborate on their data and vote under Ben, while AG arrived with a piece of paper, decision written. He ran the Fed as a dictator. Which one was a criminal? AG, an Austrian economist, was also not clueless about what he was doing. At least, I believe so. Stock markets discounted rate decisions 1 day prior to the event, which smells of a leak and front running. Under Ben they react to it. We can't just lynch everyone cause things are bad, although it would be nice to have someone less clueless run the Fed. Unfortunately, if we lynch Ben, Kohn will replace him, and it will make no difference whatsoever. - That's really how the Fed is run, so imagination that they do some criminal stuff are probably overblown. A bunch of economists look at a bunch of data, then vote on interest rates. When the financial system that they are responsible for detonates, they panic. -g-