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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Mary Cluney who wrote (178377)	12/31/2011 4:34:43 PM
From: Steve Lokness	Read Replies (1) \| Respond to of 543056

<<< without an independent central bank is that elected officials have put pressure on monetary policymakers to follow policies that boost the economy in the short run even if doing so would result in high levels of inflation later on.>>>> Are you arguing in support of my position? I'm confused. Isn't that exactly the definition of Keynesian spending; "policies that boost the economy in the short run"? And isn't that exactly the path we are on now with an independent central bank? Let me ask you this Mary; if republicans take the Presidency and win the senate and house, do they have a right to stop spending? I'm not asking "should they" - I'm asking do they have that right if they should want to do so to balance the budget. That is not a hypothetical question - it will happen some time in the future. That's our form of government.