tag:blogger.com,1999:blog-7830309662303835973.post3075490551427538468..comments2023-10-24T08:51:22.863-07:00Comments on Calculated Exuberance: Quantitative EasingUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7830309662303835973.post-44784325803855093742010-11-23T13:11:39.500-08:002010-11-23T13:11:39.500-08:00"we simply find that we are mistaken about in..."we simply find that we are mistaken about interest rates, and the Fed actually could ease a little more through the conventional route. It’s tough to imagine that anyone would actually then oppose further easing."<br /><br />You do know that Hoenig wants to raise the target rate to 1%.<br /><br />Did you See Nick Rowe looking into the background and writings of Fischer? My god:<br /><br />http://worthwhile.typepad.com/worthwhile_canadian_initi/2010/08/what-were-they-thinking-one-view.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7830309662303835973.post-55063067719532309392010-11-23T01:36:19.008-08:002010-11-23T01:36:19.008-08:00the parable of the babysitters stupidly hoists its...the parable of the babysitters stupidly hoists itself by its own petard. it assumes a magically static value for the scrip that does not exist. in that scenario the value of the scrip would increase until equilibrium was again reached in people's desire to go out vs spending scrip. <br /><br />the parable could be used to demonstrate stickiness, but in the form told by krugman is dangerously misleading.RomeoStevenshttps://www.blogger.com/profile/11879518218082564987noreply@blogger.com