tag:blogger.com,1999:blog-3758330678390419129.post9221906462287770260..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: A Revenge Crash, Ahead?Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3758330678390419129.post-79762094578594661062009-07-16T20:17:50.194-04:002009-07-16T20:17:50.194-04:00Oh yeah, I forgot to mention - I didn't end up...Oh yeah, I forgot to mention - I didn't end up getting impeached : )WRThttps://www.blogger.com/profile/16359536669574685002noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-11046384823609424492009-07-16T20:17:19.076-04:002009-07-16T20:17:19.076-04:00Wenzel - very shrewd observation. When I was in h...Wenzel - very shrewd observation. When I was in high school, I was assigned the role of Jackson in a mock impeachment trial. One of the charges which was "impairing the economy" or some such nonsense as a result of destroying the bank. In preparing for the trial, I researched a number of documents regarding the bank (read a lot of stuff by Jackson himself - I feel like this WRThttps://www.blogger.com/profile/16359536669574685002noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-31990121338809542352009-07-16T13:01:24.512-04:002009-07-16T13:01:24.512-04:00I am an amateur here that dont know much abt econo...I am an amateur here that dont know much abt economics. At first when Bernanke was printing money like crazy, u guys said he was going to cause inflation n thus hurting the economy. Ur advice is for him to stop printing money.Now that he has slowed now his printing press, u said he will crash the economy? I mean i dont understand the logic here, isnt it good that he is slowing down the printing Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-39704785626541534052009-07-16T08:54:04.670-04:002009-07-16T08:54:04.670-04:00"Biddle was furious. In an act of revenge, he..."Biddle was furious. In an act of revenge, he squeezed credit out of the banking system dramatically. It led to the Panic of 1837. Hundreds of banks closed. And resulted in a five year depression."<br /><br />If that is what happened - Biddle conducted national monetary policy based purely on revenge thus inlficting unneccesary hardship on millions of his fellow Americans - I find it not an economisthttps://www.blogger.com/profile/08679610738502901666noreply@blogger.com