Does Bernanke Have an Exit Strategy? | Robert P. Murphy
Top Comments
All Comments (44)
-
Looking more and more like you are right dr murphy
-
The best take away for this is that Timmy G. is a tool.
-
he did a great job here, also keep in mind we are all working with the facts the FED has given, Im sure this is the tip of the FED iceberg.
-
I can see Krugman shaking his head screaming "You're Wrong" but you are so right.
-
incredible speech. I've read 15-20 books about this stuff and haven't heard about some of these issues.
-
hope the Krugman debate happens
-
That crack on Timothy Geithner is funny. But two microphones???
-
I had to listen to his explanation of how the Fed lowers interest rates by pumping money into the market via the purchase of gov't debt, and how the money the Fed uses to buy up those securities ultimately ends up back at the Fed after the private institutions (banks) to whom that money was given deposit it into their accounts with the Fed about 10 times over. The process by which the Fed magically inflates is so counter intuitive and absurd, it's mind-boggling that such theft was ever allowed.
-
Investment banks like Goldman Sachs didn't have access to Fed funds. What the investment banks did was to bring investors and borrowers to together what was to be known as securitization or CDOs. The credit came from investors not the fed window.
This guy's a great speaker.
lukeev 2 years ago 23
Bernanke does have an exit strategy, it's to put it in everyone else's exits. :)
Nickelodeon2002 2 years ago 14