The Conservative Case for Quant Easing
David Beckworth argues that conservatives need QE to work to reduce the risk of more government intervention.
posted on 03 December 2010 by skirchner
in Economics, Financial Markets, Monetary Policy
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Comments
In theory there is no difference between theory and practice. In practice there is.
Posted by .(JavaScript must be enabled to view this email address) on 12/03 at 02:13 PM
According to Beckworth, would Bonds falling below 125 right now be proof that the economy is recovering?
Government intervention is needed to prevent future government intervention. Nice logic.
Appeal to political affiliation. Check.
I heard a nice strategy Ireland should take up yesterday:
Take Trichet up on his offer for 1% finance and buy gold. A little hard for a country to do sure. But that is what the market is doing in response to QE.
Posted by .(JavaScript must be enabled to view this email address) on 12/03 at 02:56 PM
“Government intervention is needed to prevent future government intervention”.
We might have been spared pink batts and school halls if the RBA had been allowed to carry more of the burden of macro stimulus, so I think it is a fair argument.
Posted by skirchner on 12/07 at 09:45 AM