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Started By
Message
re: Federal Reserve economist says growth would have been better with negative interest rates
Posted on 10/24/19 at 4:00 pm to DeathAndTaxes
Posted on 10/24/19 at 4:00 pm to DeathAndTaxes
quote:
And do you honestly believe that what is “holding the economy back” is the availability or cost of money?
What is holding us back is the appreciation of the dollar relative to the rest of the world’s currencies.
Posted on 10/24/19 at 4:04 pm to OleWarSkuleAlum
quote:What does the "discount rate" have to do with fractional reserves?
We can’t have a fractional reserve banking system without the FOMC setting the discount rate.
ETA: FYI, the FOMC doesn't set the discount rate. It is set by the Federal Reserve's Board of Governors.
You're 0 for 2 in your one statement quoted above.
This post was edited on 10/24/19 at 4:08 pm
Posted on 10/24/19 at 7:38 pm to OleWarSkuleAlum
Hello? Buehler?? Buehler.....??
Posted on 10/24/19 at 9:08 pm to OleWarSkuleAlum
quote:Please stop posting.
What is holding us back is the appreciation of the dollar relative to the rest of the world’s currencies.
Posted on 10/25/19 at 8:03 am to OleWarSkuleAlum
quote:
Monetary policy disagrees with you. You need to take a basic macro-economics course.
Before I do that, let me understand your points
1) the USA never went to negative interest rates
2) many European countries in the last decade did change to a negative rate
3) all economies in the last 7-8 years soared
4) the USA went up a bit slower
5) the USA is still improving while everything else with negative rates is fizzling
6) other currencies have lost value relative to the dollar
7) you don't think that a negative rate has any effect on inflation
8) you don't think the rapid injection of money into an economy represents an unstable, unsustainable period of growth followed by collapse, often referred to as a 'bubble'
Please point out where I'm not understanding you correctly, because I want to make sure that I'm reading what you're saying correctly.
Posted on 10/25/19 at 9:03 am to OleWarSkuleAlum
quote:I haven’t taken a single economics course, AND I don’t have particularly good spelling and grammatical skills.
You need to take a basic macro-economics course.
I had to verify it since it looked weird, but apparently even my illiterate self knew that there is not a hyphen in macroeconomics, and apparently my iPhone knew it too.
I would think a macroeconomics expert would definitely know that, but since you’re obviously not, maybe the hyphen was telling and you are an expert of some made up field.
Posted on 10/25/19 at 9:14 am to buckeye_vol
hyphenating it is fine.
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