Friday, April 19, 2019

Stockman: Herman Cain is as Stupid as Bernanke

Herman Cain
 In response to the post, Herman Cain Plans to Take the Senate On, David Stockman emails:

Cain's every bit as stupid on this as Bernanke et all. Why can't they consider the possibility the problem is FOMC buying and selling, not the particular basket of prices they are targeting:
"The Fed has the tools to stabilize the dollar. The open-market desk can buy bonds to counter a downward trend in commodity prices and sell bonds to arrest an upward trend, resulting in ongoing stability in the dollar’s commodity value..."


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