tag:blogger.com,1999:blog-3758330678390419129.post8739870305660017537..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: MUST READ Yellen Speak TranslatedRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3758330678390419129.post-64438950541128245502013-11-15T09:32:32.661-05:002013-11-15T09:32:32.661-05:00MYTH #1: The Fed DOES NOT PRINT MONEY.
Hayek on ...MYTH #1: The Fed DOES NOT PRINT MONEY.<br /><br />Hayek on "Meet the Press" 1975:<br /><br />The sentence, 'stopping the printing presses,' is a figurative expression, because it is being done now by creating credit by the Federal Reserve System. But this is government action — all inflation is ultimately the result of activities which government determines and can control.<br Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-26653970462804649922013-11-15T09:16:20.329-05:002013-11-15T09:16:20.329-05:00The Fed has evolved from steady prices to steady i...The Fed has evolved from steady prices to steady inflation. Very stable, that.Micnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-42070627686928222002013-11-15T09:15:09.619-05:002013-11-15T09:15:09.619-05:00And be sure not to miss the great slideshow exposi...And be sure not to miss the great slideshow exposing all of our hard money myths about the glorious Fed:<br /><br />http://www.huffingtonpost.com/2013/11/14/janet-yellen-congress_n_4275572.html#slide=1516323Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-12275284691555685132013-11-15T09:02:25.425-05:002013-11-15T09:02:25.425-05:00It looks like Janet Yellen will have no problem ta...<i>It looks like Janet Yellen will have no problem tackling one of Ben Bernanke's most important jobs: shaming Congress for ruining the economy.<br /><br />Yellen reminded lawmakers of their sheer terribleness during a Senate Banking Committee hearing on Thursday about her nomination to replace Bernanke as chair of the Federal Reserve when his term ends in January. Republican senators moaned Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.com