Comments on: A Microeconomist’s Protest

By: fast cars

fast cars — Thu, 20 Aug 2009 12:38:39 +0000

e moment, I believe that the \”stimulus\” funding is like a last gasp before the reality of our economic mess hits us hard. Maybe this spending is a good thing if it shows just how poorly our government has been managing our money.

By: Brandon Flynn

Brandon Flynn — Thu, 23 Apr 2009 13:34:28 +0000

Loved the article, It was extremley informative.
In fact, this article was selected as required reading for my Economic Policy class going toward a M.A. in Financial Economics.

By: Roark

Roark — Fri, 10 Apr 2009 18:58:09 +0000

Healthy Markup:

Trying to pinpoint what kind of inflation we are likely to see is near impossible without seeing what the Fed\’s plans are to reign in this excess money supply. That being said, it is likely not going to be good when you take a look at the Fed\’s balance sheet. Consider this, historically speaking the Fed had been doubling the monetary base over a period of time of approx. 10 years. The most recent doubling took place in just 6-7 months.

Mario:

Assuming the Fed does introduce a \"contractionary monetary policy\" does this not put quite a strain on the the federal government\’s ability to get funding? After all, the Fed is a large purchaser of Treasuries. If the federal government is unable to get financing from selling treasuries that can only mean higher taxes and/or \"monetary easing\" i.e. printing money. Am I seeing this correctly?

By: BOB MCCARTY

BOB MCCARTY — Wed, 08 Apr 2009 19:20:28 +0000

Jesus “forgive them for they know not what they do”

Adam Smith’s Invisible Hand “Surely you ignore me at thine own peril”

By: NukemHill

NukemHill — Wed, 08 Apr 2009 03:34:44 +0000

Our political class, to address David T\’s point, is so out of touch with reality–and the wishes and desires of honest citizens–that I fear we are heading irrevocably towards disaster. There is certainly nobody in the current administration, and nobody that I\’ve noticed in either House of Congress, who shows any kind of awareness of the precipice we are blindly running towards.

We may, in fact, be in the process of re-enacting a Wile E. Coyote moment. We\’re spinning our legs madly, in the mistaken belief we are still moving forward. All that\’s left is to look down, and realize that the yawning canyon stretched out below us contains our certain doom.

Perhaps the Tea Parties are the start of a movement that will literally kick the bums out before it is too late. Hope\’n\’Change!

By: Healthy Markup

Healthy Markup — Wed, 08 Apr 2009 00:27:40 +0000

This is the best short piece on GDII I\\\’ve seen. The only addition I\\\’d like is an expansion on how much inflation we can expect.

By: Shawn Dooley

Shawn Dooley — Tue, 07 Apr 2009 15:47:41 +0000

I’m Bubba.

By: David T

David T — Tue, 07 Apr 2009 13:45:36 +0000

Your essay is an important description of economic reality, but I\’d like to propose that a parallel political reality must also be considered. Eventually, there has to be a correction in how government spends money, after which perhaps we the people will be able to have some renewed confidence in government. This has not yet happened because no special interest is willing to yield and no politician seems willing to take the risk to offend anyone by cutting their funding. However, there often comes a point during times of crisis when enough people agree that sacrifices have to be made. At the moment, I believe that the \"stimulus\" funding is like a last gasp before the reality of our economic mess hits us hard. Maybe this spending is a good thing if it shows just how poorly our government has been managing our money. Maybe it is just what we need to force a dramatic restructuring of Federal (and state) spending. Or, maybe I\’m just dreaming….