tag:blogger.com,1999:blog-7464708.post2155030656408103318..comments2024-03-22T06:05:36.544-04:00Comments on Kids Prefer Cheese: Fed HysteriaMungowitzhttp://www.blogger.com/profile/02340064320347875601noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7464708.post-83400623552560512252015-09-25T12:48:03.585-04:002015-09-25T12:48:03.585-04:00Ah, another brave anonymous critic. I surely don&#...Ah, another brave anonymous critic. I surely don't think stickiness matters over a 7 year horizon. Even the Calvo fairy will pretty much get everybody adjusted in that time period.Angushttps://www.blogger.com/profile/03656436431053306500noreply@blogger.comtag:blogger.com,1999:blog-7464708.post-77966986699790919992015-09-18T04:42:36.195-04:002015-09-18T04:42:36.195-04:00A so-called economics "professor" thinks...A so-called economics "professor" thinks stickiness does not matter.<br /><br />Do the world a favour and pick an occupation more suitable to your intellectual level. <br /><br />Like football punditry. Or street sweeping.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7464708.post-41105871408348786542015-09-18T04:33:00.201-04:002015-09-18T04:33:00.201-04:00Political elections is: one man, one vote.
But the...Political elections is: one man, one vote.<br />But there are men who don't want to vote, and men who want to vote more than once.<br />The FED is just one of the many ways devised to vote more than once, and with different time and space coordinates.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7464708.post-51457007041238656922015-09-17T17:22:11.739-04:002015-09-17T17:22:11.739-04:00The fed does not control the real growth rate, but...The fed does not control the real growth rate, but it does absolutely control the nominal growth rate. Given that prices and wages and debts in the actual economy are denominated in nominal dollars, there is plenty of potential for unexpected swings in the nominal growth rate to do tremendous damage to the real growth rate.Larry D'Annahttps://www.blogger.com/profile/18305844431608632835noreply@blogger.com