tag:blogger.com,1999:blog-3240565408401956331.post5432726536211687362..comments2023-07-08T05:49:38.333-04:00Comments on Larry Davidson's Thoughts on Macro and Other Stuff: Fed Policy and a Rubber SeesawUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3240565408401956331.post-57978031499174993202017-08-22T13:49:02.042-04:002017-08-22T13:49:02.042-04:00I meant to say "why" not "by"....I meant to say "why" not "by". Larry Davidsonhttps://www.blogger.com/profile/10028971586654033347noreply@blogger.comtag:blogger.com,1999:blog-3240565408401956331.post-72295910229771822862017-08-22T13:48:09.494-04:002017-08-22T13:48:09.494-04:00True Ken, but since the Fed is supposed to be inde...True Ken, but since the Fed is supposed to be independent from the government, we need to explain by Ms Yellen would want to raise taxes through higher inflation. Larry Davidsonhttps://www.blogger.com/profile/10028971586654033347noreply@blogger.comtag:blogger.com,1999:blog-3240565408401956331.post-19239131636091043072017-08-22T12:07:34.180-04:002017-08-22T12:07:34.180-04:00Inflation also increases taxes because of higher a...Inflation also increases taxes because of higher asset prices and personal income.This will make it easier to pay off the federal government's bonds.This is the only reason the government wants inflation. Kenny Kazhttps://www.blogger.com/profile/02272264122022391942noreply@blogger.comtag:blogger.com,1999:blog-3240565408401956331.post-51135204871928374532017-08-18T11:10:14.267-04:002017-08-18T11:10:14.267-04:00Thanks Jaden. I don't think she is a mental mi...Thanks Jaden. I don't think she is a mental midget but I think she represents liberal macro and its penchant for wanting to worry excessively about national economic weakness in the short run. If you get rid of the Fed you have to replace it with something. That's the tough part. Even a lousy Fed would be better than one run by Congress. Larry Davidsonhttps://www.blogger.com/profile/10028971586654033347noreply@blogger.comtag:blogger.com,1999:blog-3240565408401956331.post-10540218389589125772017-08-18T11:02:11.419-04:002017-08-18T11:02:11.419-04:00Maybe Yellen has an agenda and this is why she is ...Maybe Yellen has an agenda and this is why she is ignoring Phillips Curve. But what could she want to come about? As a novice when it comes to Econ I couldn't even guess. But to me, it doesn't look good. IMO she is a mental midget in need of a new play toy. The power of the Fed is a bit frightening. What say you Larry, is Sen. Paul on to something when he suggests getting rid of the Fed?!?Anonymoushttps://www.blogger.com/profile/10818624097251192778noreply@blogger.com