how to trust this guy who say to the american people to switch their fixed mortage to variable one... 34 rates hikes please... It was engineered...
and you could be right... the good thing with B.B. is that he saw what he did to the people... putting them in the streets, foodstamps...
He's part of a line of Fed chairmen who's policies I basically agree with. While I think he personally is a NOP, I dread to think what kind of policies a hand picked Obama Fed chair could implement. We could very easily end up with an ignoramus like Miller.
I like Richard Fisher, he was the lone dissenter when the bubble was being created. He seems to be one of the only ones who understand what their actions mean to people, not what they are supposed to do in textbooks.
For crissakes, the guy is a student of the depression, what more can you ask for? Based on Obama's track record he'll pick some candidate who'll refuse the position or worse, tax or ethically challenged.
Papa Roach, I think that you are really right... The textbook are just textbook... or good marketing operation. But the effects are real... I don't want to price in a system where people's lives and souls are destroyed all the time... where the price of money is controlled by an elite group... no no no... It's like a decentralized CCCP... Like the power of the price of money is still in theirs hands but not the decision of were to allocate it...
What the fuck is wrong with some of you, 180+ views and 16 votes? Too lazy to choose? Stopp being pussies and pick one.