tag:blogger.com,1999:blog-3758330678390419129.post412115809385028944..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: The Monopoly Banks of the United States (Or Why the Volcker Rule is a Bad Idea)Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3758330678390419129.post-91772430690816958492012-05-22T08:13:47.382-04:002012-05-22T08:13:47.382-04:00His status as "hero" is probably tied to...His status as "hero" is probably tied to the fact that he was willing to do what unpleasant, but necessary, in raising rates to reign in runaway inflation. Few people view Carter's Presidency in a positive light but it was Carter who appointed Volker. Albeit Presidential appointments come from a list prepared by The Fed, which supports the monopoly, one has to wonder who was to Russ in PAnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-91160655328514598892012-05-21T13:33:53.120-04:002012-05-21T13:33:53.120-04:00We all know that this is how "progressives&qu...We all know that this is how "progressives" always behave. The emphasis should be on the term <b>ALWAYS</b> and we should be thinking about how we should proceed against people who ALWAYS employ these tactics against us.Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-90867697254621162002012-05-21T10:01:47.724-04:002012-05-21T10:01:47.724-04:00About 15 years ago, I watch a documentary where a ...About 15 years ago, I watch a documentary where a STATE OWNED sugar cane field in the Dominican Republic was using Haitian slave labor.<br /><br />Guess what got the blame by the documentary creator? I quote, "capitalism and the profit motive."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-35133888968286395632012-05-21T04:05:29.423-04:002012-05-21T04:05:29.423-04:001. I find it interesting that when arguing histor...1. I find it interesting that when arguing historical anecdotes with Keynesians and “progressives” that they seem congenitally unable to differentiate state action from laissez faire/private action. However, when those same people control the government and put their theories into action, their prior confusion seems to completely disappear and the beneficiaries of their policies are invariably Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-16228859757282711612012-05-20T22:43:11.273-04:002012-05-20T22:43:11.273-04:00Speaking of Volcker:
For all his faults and consid...Speaking of Volcker:<br />For all his faults and considering the fact that he was FED Chairman, Volcker to me is a bit of a hero.<br />Yes, it's WRONG that one man can set the price of money, but old Paul set the price where it SHOULD have been (79-82 or so) and precipitated one of the worst (and purgative) recessions in U.S. history.<br />Hated by many, but loved by at least one, he did whatCapn Mikenoreply@blogger.com