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To: Perspective who wrote (239582)	2/27/2010 8:12:15 AM
From: orkrious	Read Replies (2) \| Respond to of 306849

That was very interesting. For all the blather about how positive Bernanke's speech was for the markets, I never heard anyone focus on the "we will not monetize the debt" line. I'm not sure if I believe Bernanke when he says that. I read about that a bunch of places. I, for one, don't believe him. Hell, that's what he's been doing. WTF else do you calll it when the Fed buys garbage MBS from banks with funds newly created out of thin air? Ben is a lying sack of sh*t. The only thing the Fed has going for it is the public's (waning) confidence. He will say and do anything to maintain it. Fleck went back and looked at a bunch of his old work/speeches. Printing is the only thing Ben knows how to do. It is the same with other western gov'ts. Economic weakness? Push down on the accelerator. The Fed is going to print until the press is taken away from it by the markets.

To: Perspective who wrote (239582)	2/27/2010 9:44:34 AM
From: neolib	Read Replies (1) \| Respond to of 306849

The ultimate end result - inflation or deflation - will depend to some extent upon the courses of action taken... This is something else I don't understand. Its a common theme much discussed, and people hold strong views one way or the other. But if one truly thinks it could go either way, depending on policy tweaks, then why rule out the possibility that it will go neither way? I.e. if we are on a trajectory that falls off one side to deflation or the other side to inflation, why can't we carefully just stay on the same trajectory and avoid either one? My guess is that this is in fact what Bernanke thinks and is trying to accomplish. Further, I'd guess that they think the process is somewhat robust. I'm not knowledgeable enough on the subject to know if they are right or wrong. Yes, I'm an EE.