tag:blogger.com,1999:blog-7464708.post1751664061000119084..comments2024-03-22T06:05:36.544-04:00Comments on Kids Prefer Cheese: Heads I win, tails you loseMungowitzhttp://www.blogger.com/profile/02340064320347875601noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7464708.post-51719855705108284732010-12-20T15:15:16.277-05:002010-12-20T15:15:16.277-05:00I beg of you. Please, please read your Scott Sumne...I beg of you. Please, please read your Scott Sumner. Economists need to stop flailing about and read Scott Sumner NOW.Contemplationisthttp://contemplationist.wordpress.comnoreply@blogger.comtag:blogger.com,1999:blog-7464708.post-21216682956175189902010-12-15T23:40:07.126-05:002010-12-15T23:40:07.126-05:00Doesn’t the Fisher equation say that i=r+pie^e? If...Doesn’t the Fisher equation say that i=r+pie^e? If i=almost 0 then the only real power the fed has is to create inflation expectations. If nominal interest rates are rising, then yes the policy is a success. I believe that Ben is truly concerned about deflation. If I remember correctly fishers debt deflation theory would also explain what the fed is doing right now. Right or wrong this is likely why we have QE2. Am I incorrect?<br />JaysonAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7464708.post-6365852308739292772010-12-15T15:00:35.964-05:002010-12-15T15:00:35.964-05:00perhaps fiscal policy is also affecting the 10-yea...perhaps fiscal policy is also affecting the 10-year note yield?Anonymousnoreply@blogger.com