George F Vaughn commented on 'Why I Agonize About The Zero Bound'
1913 $1.00 = 2012 $0.04, -96% debasement averaging -3.2% per year. What our fiscal / monetary policy SHOULD BE is to achieve a perfectly stable price level and to exempt a base layer of financial...
View ArticleJoe commented on 'Why I Agonize About The Zero Bound'
Sorry for the simple question, but why not just give away freshly printed money, rather than have the government issue more debt? Does that cause a problem for the asset side of the central bank's...
View ArticleThe PolyCapitalist commented on 'Why I Agonize About The Zero Bound'
"What I expect to happen is this: The Bank of Japan will be forced into outright monetization at some point; a soft default in the form of higher inflation will occur. And dramatically higher...
View ArticleReturnFreeRisk commented on 'Why I Agonize About The Zero Bound'
Why am I not surprised you are advocating more aggressive policy? But less than two weeks after the Fed instituted QE infinity? Month and change after Oper Twist 2? What do you want the Fed to do?...
View ArticlePatrick Dugan commented on 'Why I Agonize About The Zero Bound'
You should consider that the Japanese government has most of their debt re-invested in external US and Euro bonds that are yielding higher than what they pay. Seems pretty clever to me.
View ArticleMacArthur-san commented on 'Why I Agonize About The Zero Bound'
"collapse of confidence in the yen"What does that really mean? Nick Rowe talks of the "paradox of hoarding"; an excess demand for the medium of exchange being the flipside of a deficient demand for...
View Articlechannel_zero commented on 'Why I Agonize About The Zero Bound'
I may be late to this, but while The Fed has a fundamental role in economic policy their efforts are restrained by congress.America's intellectual property fundamentally restrains economic activity....
View ArticleAssetman commented on 'Why I Agonize About The Zero Bound'
Soft default via inflation may be the ultimate outcome... but Japan has shown it to be politically repulsive.In the US, the Dmaocrats and Republicans are likely to agree that moentization of debt and...
View ArticleMarek commented on 'Why I Agonize About The Zero Bound'
Financial situation in Eastern Europe: http://www.rynekzlota24.pl– good articles, unfortunately only in Polish language.
View ArticleAnthony Burns commented on 'Why I Agonize About The Zero Bound'
Brilliantly said.I am really curious about your feelings as to how progressive income taxes, and different propensity to consume plays in to this whole situation.I am particularly interested in what...
View ArticleDavid commented on 'Why I Agonize About The Zero Bound'
Only a superficial fool would believe that printing money will solve Japans problem. The only real currency a central bank has is its credibility. Once it is lost so is the faith in the entire monetary...
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