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

To: i-node who wrote (852823)4/28/2015 1:29:39 PM
From: TimF  Read Replies (1) | Respond to of 1577020
 
I really would like to see some evidence that tinkering with policy actually stabilizes anything. It presupposes that policy can react on a timely basis

Most tinkering. Not so much what combjelly was supporting. He didn't seem to be supporting moving tax rates back and forth with the business cycle*, as much as leaving them permanently high to reduce volatility. Not that such an idea seems to make more sense then trying to "time the market" with tax rate changes, but it is something different.

* but maybe I'm wrong about that its not 100% clear



To: i-node who wrote (852823)4/28/2015 2:35:39 PM
From: bentway  Read Replies (1) | Respond to of 1577020
 
<<I really would like to see some evidence that tinkering with policy actually stabilizes anything.>>

All you have to do, Dave, is look at the frequency of financial disruptions and panics before the creation of the Fed, and after. Hint: they were much MORE frequent prior to the Fed!


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