madfranks
30th September 2010, 02:29 PM
Check out this guy's name - Robert Shiller. How appropriate!
Link Here (http://www.newyorker.com/talk/financial/2010/09/27/100927ta_talk_surowiecki)
In the two years since Lehman Brothers went under, the Federal Reserve has taken extraordinary measures to get the economy moving again. It has bailed out huge financial institutions, slashed interest rates almost to zero, lent hundreds of billions of dollars to American companies, and bought piles of dodgy assets. This pulled us back from the brink of disaster, but, as the fifteen million Americans out of work can testify, it hasn’t been enough to get the economy out of neutral. And so a surprising number of high-profile economists, on both the left and the right, think that it’s time for the Fed to try one more extraordinary measure: injecting the economy with a healthy dose of inflation.
Link Here (http://www.newyorker.com/talk/financial/2010/09/27/100927ta_talk_surowiecki)
In the two years since Lehman Brothers went under, the Federal Reserve has taken extraordinary measures to get the economy moving again. It has bailed out huge financial institutions, slashed interest rates almost to zero, lent hundreds of billions of dollars to American companies, and bought piles of dodgy assets. This pulled us back from the brink of disaster, but, as the fifteen million Americans out of work can testify, it hasn’t been enough to get the economy out of neutral. And so a surprising number of high-profile economists, on both the left and the right, think that it’s time for the Fed to try one more extraordinary measure: injecting the economy with a healthy dose of inflation.