tag:blogger.com,1999:blog-8515247115132134144.post5863781532226584937..comments2024-02-17T12:34:01.400-08:00Comments on Illusion of Prosperity: The Sarcasm Report v.82Stagflationary Markhttp://www.blogger.com/profile/04568993350246477976noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8515247115132134144.post-50272583395817644062011-01-25T09:07:55.594-08:002011-01-25T09:07:55.594-08:00Anonymous,
Micromanaging the creation/destruction...Anonymous,<br /><br />Micromanaging the creation/destruction of paper money/credit is the ultimate prosperity enhancer.<br /><br />The earth is flat, we've never been to the moon, and aliens from another planet live among us.<br /><br />I figured I was on a roll so I'd just keep going. ;)Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-44152174918577561772011-01-25T02:00:09.919-08:002011-01-25T02:00:09.919-08:00Remember Hoover had the Federal Reserve to help hi...Remember Hoover had the Federal Reserve to help him turn the economy around. Funny it didn't work :). Nor did the BOJ turn the Japanese economy around. Yet I suppose there still is hope for us, right?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-44801608578575528752011-01-25T01:30:02.424-08:002011-01-25T01:30:02.424-08:00Anonymous,
I know! And they keep us so in the dar...Anonymous,<br /><br />I know! And they keep us so in the dark on the outcome.<br /><br /><i>...at 0 to 0.1 percent...</i><br /><br />If they don't fine tune that rate well enough there could be huge implications.<br /><br /><b>September 6, 2007</b><br /><a href="http://illusionofprosperity.blogspot.com/2007/09/let-them-eat-cake.html" rel="nofollow">Let Them Eat Cake!</a><br /><br /><i>In 2000, then-BOJ Governor Masaru Hayami was widely derided for raising rates from zero to 0.25 percent. Pundits called him Japan's answer to Herbert Hoover. Yet Hayami was trying to force Japan Inc. to implement structural reforms. It didn't work and rates returned to zero in March 2001.</i><br /><br />Good frickin' grief.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-86816741239362253042011-01-25T01:15:35.113-08:002011-01-25T01:15:35.113-08:00A "bold" move.A "bold" move.Anonymousnoreply@blogger.com