Central planning doesn't work... Economic communism. Everyone knows if you smooth out vol you get bigger blow ups.. And read Rothbard on the depression.. Your wrong if you think the depression was a completely free market phenomenon... Recent returns aren't indicative of future returns... The rational that because it smoothed out 2008 means it's effective is illogical..
Everyone on this board accepts some degree of government intervention in markets. Some accept little, some accept more.
ok, but the Netherlands were just a swamp no English people wanted. An ingenious series of damns and dykes turned it into a standard of living paradise. It's just a matter of putting forth the effort to control the flow.
that is definitely not a fact. I watched greenspan cheer lead lower rates on cnbc during the housing bubble. Had he been doing his job to moderate bubbles he would have been raising rates. Instead he was facilitating lower and lower quality loans with low interest rates so wall street could take out massive bonuses for a few more years.
Keeping a lower profile Economies have become less volatile—but they may not stay that way Sep 26th 2002 ECONOMIES are much less volatile than they used to be, for all that the newspaper headlines seem to suggest otherwise. A century ago deep recessions were common; now they are rare. Why has economic activity become less bumpy? http://www.economist.com/node/1336163 Here is a chart that includes the GR.
your first chart does not mean central banks are doing a better job. It could mean just in time inventory management and technology have helped. your second GDP chart is indicative of the central banks removing growth out of the private economy via money printing and taxation. That is not an argument for beneficial central banking... its an indictment. I would not have imagined something so clear. Now... imagine what that chart would look like if they put in the true rate of inflation and you can see exactly what happened to working class america. Women had to enter the workforce just to break even. Our economy has been screwed into a zero growth or negative growth economy for the last 50 years... by big crony owned govt, runaway printing and taxation.
It helps if you understand what you are trying to control before you start trying to control it. Nobody likes wolves, but when you get too few of them the elk start taking over and eat everything with no regard to all the other animals we love needs. So they reintroduce wolves, to the chagrin of the sheep ranchers.
Sure, you're parroting that from the article I linked to, which also gives credit to monetary and fiscal interventions.