The more other countries complain, the more likely that QEII is working, at least domestically.Let me be clear, QE2 is about the destruction of the dollar and huge price inflation down the road. That doesn't work, domestically or globally. It only works for the elite, who are in debt up to their eyeballs, or who hold massive positions in commodities, like oil.
The Mercatus Center was founded by Rich Fink, former president of the Koch Family Foundations. He is an executive vice president of Koch Industries. The Koch brothers via variuos entities are the chief funders of The Mercatus Center.
It's fun to use terms that are left undefined but which the user still expects to be taken to be meaningful by other people. In this case, "work" can mean anything Tyler Cowen wants it to mean, and he'll always be right for having used it!
ReplyDeleteNot the least surprising. I've never seen anything but pablum come out of the econ department at GMU. It's a disgrace.
ReplyDeleteFor example, they've got Stephen Fuller on faculty there who allows himself to be referred to as an 'economist', when his degree is in economic development.
Economic development is to an economics what a used car salesman is to Ford Motors.
Yet, he's been the go-to guy for quotes on the regional economy yet has difficulty understanding the appropriate use of regional multipliers.
I see an investment play here: start layering in long-dated call options on WTIC. Can't beat the elite, can't join the elite, might as well do on a small scale what they're probably doing with their money!
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