Mogambo Nontraditional Policies (MNP)
by Richard Daughty
MogamboGuru.Blogspot.ca
I was startled to read Reading Ben Bernanke’s remarks, made at Jackson Hole, about using “nontraditional policies” at the Federal Reserve. Nontraditional policies, indeed!
By “nontraditional policies” he no doubt means his current policies of 1) the inflationary horror of monetizing of debt by the simple expedient of simply creating the money to buy new government debt, and 2) the bizarre idea to purposely create inflation in consumer prices.
Apparently, Mr. Bernanke is unaware that both of these sublime idiocies have been consistently denounced as moronic and suicidal for thousands of years (usually after they have failed miserably), and exist nowhere in the economic literature except as bad examples of traditional economic policy.
Continue Reading at MogamboGuru.Blogspot.ca…
2012-09-07 05:52:26
Source: http://financialsurvivalnetwork.com/2012/09/mogambo-nontraditional-policies-mnp/
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