Sunday, October 18, 2015

Krugman full of BS

Krugman on conspiracy theories: A case in point: The Donald has just come out with a monetary conspiracy theory: the reason the Fed hasn’t raised rates has nothing to do with low inflation and global headwinds, Janet Yellen is just doing Obama a political favor. Crazy, right?
But how different is this, really, from Paul Ryan and John Taylor claiming that quantitative easing wasn’t a good-faith effort to support a weak economy, but an attempt to “bail out fiscal policy”, preventing the fiscal crisis Obama’s policies were supposed to produce?

Horse manure.  Bernanke, the consummate liar, hinted and demanded more fiscal spending and was lowering interest rates to accommodate it.  Well known public statement.  Bernanke was of course an MIT Basket Weaver with bad math and his plan didn't work.

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