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re: Federal Reserve economist says growth would have been better with negative interest rates

Posted on 10/24/19 at 4:00 pm to
Posted by OleWarSkuleAlum
Huntsville, AL
Member since Dec 2013
10293 posts
Posted on 10/24/19 at 4:00 pm to
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 by LSURussian
Member since Feb 2005
133626 posts
Posted on 10/24/19 at 4:04 pm to
quote:

We can’t have a fractional reserve banking system without the FOMC setting the discount rate.
What does the "discount rate" have to do with fractional reserves?

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 by LSURussian
Member since Feb 2005
133626 posts
Posted on 10/24/19 at 7:38 pm to
Hello? Buehler?? Buehler.....??
Posted by RoyalWe
Prairieville, LA
Member since Mar 2018
4299 posts
Posted on 10/24/19 at 9:08 pm to
quote:

What is holding us back is the appreciation of the dollar relative to the rest of the world’s currencies.
Please stop posting.
Posted by Hopeful Doc
Member since Sep 2010
15388 posts
Posted on 10/25/19 at 8:03 am to
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 by buckeye_vol
Member since Jul 2014
35373 posts
Posted on 10/25/19 at 9:03 am to
quote:

You need to take a basic macro-economics course.
I haven’t taken a single economics course, AND I don’t have particularly good spelling and grammatical skills.

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 by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 10/25/19 at 9:14 am to
hyphenating it is fine.
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