>"So why don't you go check out the research referenced at"
I read plenty of economic research, thank you. Every day. So, while I appreciate a link to a what is essentially the site of a pundit (whom I have read, by the way), this is not the bleeding edge of economics. When is the last time this guy actually wrote a paper?
>"As for the Fed, Volcker's Fed yes, Greenspan and Bernanke's Fed no."
Right. So, Volcker, dealing with intense inflationary pressure in the 1980s, and Bernanke, dealing with massive deflationary pressures in 2008, should use the same policy tools? I'm sorry, but you clearly need to brush up on the basics before you go attacking someone for their lack of economic knowledge. This is pointless.
I was referring to the Hudson book mentioned at the link, not Roberts's "punditry" as you call it.
Oh, and where did I say Volcker and Bernanke should use the same policy tools?
The big difference between Volcker and Greenspan is that Volcker stood up to congress, while Greenspan caved to the politicians and gave them the bubble they wanted. And politicized the Fed.
Or in your own words,
"And much of the housing portion was political mandate."
Did you not know this?
And where did I attack you for lack of economic knowledge?
I attacked you for using strawman arguments and putting words in peoples' mouths, and I stand by that.
I read plenty of economic research, thank you. Every day. So, while I appreciate a link to a what is essentially the site of a pundit (whom I have read, by the way), this is not the bleeding edge of economics. When is the last time this guy actually wrote a paper?
>"As for the Fed, Volcker's Fed yes, Greenspan and Bernanke's Fed no."
Right. So, Volcker, dealing with intense inflationary pressure in the 1980s, and Bernanke, dealing with massive deflationary pressures in 2008, should use the same policy tools? I'm sorry, but you clearly need to brush up on the basics before you go attacking someone for their lack of economic knowledge. This is pointless.