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jsyc07 (December 31, 1969 at 5:59 pm)
It was good that the Fed lowered rates but they don't do enough to fight inflation? LOWERING RATES HELPS CAUSE INFLATION! All the Fed does is create inflation! Jeremy Siegel shouldn't be teaching economincs in public school let alone Wharton.
benjleeru (December 31, 1969 at 5:59 pm)
rofl, "we don't have runs on banks anymore". Funny story, we have plenty of bank runs.
CivilRiot (December 31, 1969 at 5:59 pm)
Wow, someone fire this retard before he further embarrasses himself.
savastis4 (December 31, 1969 at 5:59 pm)
Mr. spin doctor, apologist for central palnners. Wander why Charlie Munger called jim demented?
iwunder (December 31, 1969 at 5:59 pm)
Jontpython..trying to obfuscate what inflation is not helpful. A Proper definition of inflation is needed inflation=increase in money supply. The fed can be ever-vigilant....but the system is too far gone...they know it...it's a corrupted system that is coming to the end of it's life cycle...it's obvious that our worldwide economic system is dying...Our money system is dying...Buy gold, buy silver...
daveextra (December 31, 1969 at 5:59 pm)
professor j.siegel ? professor of what ? public relations for the federal reserve bank and bush administration/greenspan/bernanke fictitious paper inflationary cheap credit boom ? the value which has been spent/consumed has'nt been produced yet. if you really are a professor of economic's, how come you did'nt see this disaster that's nowhere near played out yet, coming ?
iwunder (December 31, 1969 at 5:59 pm)
Purchasing Gold/Silver using debauched/devalued currencies is a strong show of NO CONFIDENCE in their leadership...Vote while your dollars still have some purchasing powerBy the way...WE DO HAVE RUNS ON THE BANKS...WE JUST HAD ONE WITH BEAR STEARNS!
iwunder (December 31, 1969 at 5:59 pm)
2:10 I am concerned that the fed is not acting as concerned about inflation as it should...Of course the Fed is not concerned about inflation, the Fed is responsible for inflation... increase in money supply=higher prices.... it's not that hard of a concept to understand, inflation is created by the Fed for the Fed and it's buddies...we get stuck with the bill.. (higher prices for everything) |
