Friday, November 19, 2010

Good Job, Mr. Bernanke

By the end of the day we will be flat. That is precisely what I think you intended. We will remain flat for some time. Jan will stabilize 3% growth + inflation.

You made a statement that I found interesting. ~"Persistent imbalance shows a flaw in the system."

The tool that you are missing is inflation/deflation. You need to manipulate interest rates. It needs to cost to borrow money. Money should not ever be free.

The motion of you inflating and deflating the system will show strong consumer confidence. 1/2% change in a quarter will show the stability and strength of our true economy.

The populations work force and structural economy needs to be inflated by 20% over the next 5 years. There need to be at least another couple of trillion dollars poured into the system.

Although Carter never got the credit, he inflated the economy so job growth could occur in the 80s. We need some inflation now.

Yours is not the job I would want, but I understand its necessity.

Thanks for understanding our economy.

No comments:

Post a Comment