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Old 12-08-2009, 02:49 PM  
googlegoogle googlegoogle is offline
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Do you support another Bernanke term? Consensus is growing against him.

Confirmation is next week. By the way, I don't support him. We seem to be stuck in a trap of low interest rates and can't get out.

http://thehill.com/blogs/blog-briefi...cted-next-week


http://www.huffingtonpost.com/david-..._b_384007.html


This guy says replace him with Paul Volker.

http://seekingalpha.com/article/1672...h-paul-volcker

Dodd says no.
http://www.businessinsider.com/chris...firmed-2009-11
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Old 12-08-2009, 03:13 PM   #2
BucEyedPea BucEyedPea is offline
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Well, it's not who should be at the helm it's whether or not we should even have one.
He'll only be replaced by someone of like mind. Anyone, who heads the Fed has to be a died-in-the-wool Keynesian to be put there.
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Old 12-08-2009, 03:50 PM   #3
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Volker or someone who doesn't believe just low interest rates grows an economy.
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Old 12-08-2009, 04:17 PM   #4
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Quote:
Originally Posted by BucEyedPea View Post
Well, it's not who's should be at the helm it's whether or not we should even have one.
He'll only be replaced by someone of like mind. Anyone, who heads the Fed has to be a died-in-the-wool Keynesian to be put there.
One thing I can guarantee is that there's probably not more than 5 votes in the House for this irresponsible view.

Whether we need to fundamentally alter the transparency and accountability of the institution is a different question, but I for one would like to be able to finance a war should we find ourselves in a necessary one again.
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Old 12-08-2009, 04:58 PM   #5
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Originally Posted by googlegoogle View Post
Volker or someone who doesn't believe just low interest rates grows an economy.
At this point, Volcker was better than Greenspan and Bernanke. These guys get worse over time just like our presidents.

But I have to wonder if Volcker slamming on the breaks was because it was during RR.
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Old 12-08-2009, 05:01 PM   #6
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One thing I can guarantee is that there's probably not more than 5 votes in the House for this irresponsible view.

Whether we need to fundamentally alter the transparency and accountability of the institution is a different question, but I for one would like to be able to finance a war should we find ourselves in a necessary one again.
Irresponsible? In your irresponsibly brainwashed and pig-headed opinion. Our economy did fine when we had no Fed. I have the graph....economy climbed upwards just the same as with one.
It's just hard to buck established opinion or a status quo....which can be wrong.

Don't forget wars were funded without one too. But that's the idea, to hamstring govt from spending on unecessary things in general. That's why socialists like yourself, readers of the Nation, NR and other assorted statists love the arrangement.
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“We do not believe in aggressive or preventive war. Such war is the weapon of dictators, not of free democratic countries like the United States.”~ Truman, Sept 1, 1950
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Old 12-08-2009, 05:05 PM   #7
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Originally Posted by BucEyedPea View Post
Irresponsible? In your brainwashed opinion. Our economy did fine when we had no Fed. It's just hard to buck established opinion or a status quo....which can be wrong.

Don't forget wars were funded without one too. But that's the idea, to hamstring govt from spending on unecessary things in general. That's socialists and statists love the arrangement.
You need to read the history of the financing of the War of 1812. It even persuaded your buddy Madison to come around on the idea.

The only major international war we fought without a central bank was the Revolution, and that saddled us with debt so extreme and volatile that it threatened our financial ruin for most of our first 10-15 years.

Our economy did not do "fine" without a Fed. In fact it was more volatile and prone to panics and liquidity crises. Aside from the Great Depression (sans the FDIC), the volatility of economic crises has been much tempered in this century compared with its 19th century bretheren.
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Old 12-08-2009, 05:08 PM   #8
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Did someone say something?
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“We do not believe in aggressive or preventive war. Such war is the weapon of dictators, not of free democratic countries like the United States.”~ Truman, Sept 1, 1950
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Old 12-08-2009, 05:11 PM   #9
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Did someone say something?
Yeah, facts are scary! Run away! Back to your psychological infantile defense mechanisms ASAP!
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Old 12-08-2009, 05:17 PM   #10
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Originally Posted by googlegoogle View Post
Confirmation is next week. By the way, I don't support him. We seem to be stuck in a trap of low interest rates and can't get out.

http://thehill.com/blogs/blog-briefi...cted-next-week


http://www.huffingtonpost.com/david-..._b_384007.html


This guy says replace him with Paul Volker.

http://seekingalpha.com/article/1672...h-paul-volcker

Dodd says no.
http://www.businessinsider.com/chris...firmed-2009-11
No, but he'll get confirmed because Lite and the Congress need a scapegoat.
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Old 12-08-2009, 05:24 PM   #11
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No, but he'll get confirmed because Lite and the Congress need a scapegoat.
Good One!
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Old 12-08-2009, 06:47 PM   #12
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I say no but he will be nominated and more than likely confirmed. I just don't see Obama jumping horse midstream on this one.

There's no way in hell that Volker comes back though. The Obama administration has minimalized his influence much to my dismay so there's almost a zero chance of him being nominated. Beyond that he's old as balls now and i really doubt he wants to head the Fed again.
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Old 12-08-2009, 06:48 PM   #13
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You need to read the history of the financing of the War of 1812. It even persuaded your buddy Madison to come around on the idea.

The only major international war we fought without a central bank was the Revolution, and that saddled us with debt so extreme and volatile that it threatened our financial ruin for most of our first 10-15 years.

Our economy did not do "fine" without a Fed. In fact it was more volatile and prone to panics and liquidity crises. Aside from the Great Depression (sans the FDIC), the volatility of economic crises has been much tempered in this century compared with its 19th century bretheren.
But but but but but but...she's got a chart made by some guy she knows.
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Old 12-08-2009, 06:59 PM   #14
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You need to read the history of the financing of the War of 1812. It even persuaded your buddy Madison to come around on the idea.

The only major international war we fought without a central bank was the Revolution, and that saddled us with debt so extreme and volatile that it threatened our financial ruin for most of our first 10-15 years.

Our economy did not do "fine" without a Fed. In fact it was more volatile and prone to panics and liquidity crises. Aside from the Great Depression (sans the FDIC), the volatility of economic crises has been much tempered in this century compared with its 19th century bretheren.

http://answers.yahoo.com/question/in...2213917AA0EAZ2
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Old 12-08-2009, 07:02 PM   #15
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But but but but but but...she's got a chart made by some guy she knows.
And besides, "Who is she, that she should be the economic moraityl police of the whole economy. "
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