tag:blogger.com,1999:blog-2499715909956774229.post7960908481153797839..comments2024-03-22T22:37:02.639-07:00Comments on Stephen Williamson: New Monetarist Economics: Bernanke on 60 MinutesStephen Williamsonhttp://www.blogger.com/profile/01434465858419028592noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2499715909956774229.post-42238382092137039922013-01-11T21:01:12.250-08:002013-01-11T21:01:12.250-08:00In fact, one can find a variety of kinds of brands...In fact, one can find a variety of kinds of brands coming with charming timepieces. Among all of them, I have a bias on Hublot watches which are crafted from blushed steel and gold products<br />dissertationhttp://dissertation-topics-examples.info/noreply@blogger.comtag:blogger.com,1999:blog-2499715909956774229.post-24137426448406816422010-12-06T06:02:38.203-08:002010-12-06T06:02:38.203-08:00Anon1:
Yes, I'm pretty much in agreement with...Anon1:<br /><br />Yes, I'm pretty much in agreement with that.Stephen Williamsonhttps://www.blogger.com/profile/01434465858419028592noreply@blogger.comtag:blogger.com,1999:blog-2499715909956774229.post-8677081494617427752010-12-05T20:40:04.391-08:002010-12-05T20:40:04.391-08:00Bernanke says he is "100% certain" that ...Bernanke says he is "100% certain" that he will not let inflation rise. Really? I could paint a plausible "QE3" scenario where a faster Chinese reval (to counteract 6% domestic inflation) and $120 oil lead to 3% 5yr TIPS inflation expectations. Meanwhile, with 2-2.5% gdp growth, unemployment stays near 9%. What would the Fed do? Tighten to restrain inflation expectations when unemployment is that high? Of course not. <br /><br />The Fed is embarking on a policy with no "Plan B" should the dollar and commodities produce higher inflation, other than to argue, in the future, that "headline" inflation is not predictive of future inflation. Unfortunately, the TIPS market may not see it the same way.<br /><br />It strikes me that, even in our democracy, no one gets to ask the Fed the simple question: "what would you do if inflation rises and unemployment is still high?"Anon1noreply@blogger.com