tag:blogger.com,1999:blog-7464708.post7923092064362478792..comments2024-03-22T06:05:36.544-04:00Comments on Kids Prefer Cheese: Another Fed Cut??Mungowitzhttp://www.blogger.com/profile/02340064320347875601noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7464708.post-262335010969294702008-01-30T12:07:00.000-05:002008-01-30T12:07:00.000-05:00DOH!!!!!very nice. I do find it surprising that al...DOH!!!!!<BR/><BR/>very nice. I do find it surprising that almost no one is mentioning political pressure as a reason for these cuts. I have mentioned it here before and should have mentioned it in this post too.Angushttps://www.blogger.com/profile/03656436431053306500noreply@blogger.comtag:blogger.com,1999:blog-7464708.post-16410069532674779622008-01-30T11:51:00.000-05:002008-01-30T11:51:00.000-05:00An insightful economist once noted: "I find a sign...An insightful economist once noted: "I find a significant four-year electoral cycle in money growth even when controlling for the influence of interest rates, income, and budget deficits" (Grier, AJPS 1989)<BR/><BR/>The previous bottom of Fed Funds occurred in 2004; the bottom prior to that was 2000. Now here we are in 2008.<BR/><BR/>So, I guess the two questions that occur to me are (1) why are you so surprised? And (2) why do you place the blame on (a) Greenspan and (b) Bernanke?Anonymousnoreply@blogger.com