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This is hugely disappointing. Its been 8 years since the economic crash and the Fed has been trying to inflate this economy using monetary policy and we have ye

This is hugely disappointing. Its been 8 years since the economic crash and the Fed has been trying to inflate this economy using monetary policy and we have yet to eclipse 3% real GDP growth for a whole year. They FED has been trying to create inflation and they have failed. Where is the critical thinking at the policy making/ decision making level ? At some point we have to reach the obvious conclusion that current economic policy models are broken, don't work, and we need new leadership and a fresh approach. Obama is largely to blame for this. He chose to listen to establishment/wall street economic advisers rather than more progressive ( say Keynesian) thinkers. This is why you are seeing Bernie/Elizabeth Warren gaining in popularity. Quite sadly, the Gap between the middle class and extremely wealthy in this country have never increased more so than under Obama, a Democrat.

dnautics 11y ago
http://krugman.blogs.nytimes.com/2010/02/13/the-case-for-higher-inflation/ http://krugman.blogs.nytimes.com/2010/02/13/the-case-for-hig... "When you have very low inflation, getting relative wages right would require that a significant number of workers take wage cuts. So having a somewhat higher inflation rate would lead to lower unemployment, not just temporarily, but on a sustained basis." Shorter Krugman: Cheat poor people out of their wages to make the government look like it's doing something about unemployment.
- bubbleRefuge 11y ago
  How about increase demand for labor via increasing overall aggregate demand via stronger fiscal policy ( lower taxes or high spending depending on your polics) Keynesians criticizing Krugmeister. http://stephaniekelton.libsyn.com/randy-wray-on-krugman-and-the-frustration-of-the-heterodox?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+StephanieKeltonPodcasts+%28Stephanie+Kelton+%C2%BB+Podcasts%29 http://stephaniekelton.libsyn.com/randy-wray-on-krugman-and-...

dnautics 11y ago

http://krugman.blogs.nytimes.com/2010/02/13/the-case-for-higher-inflation/ http://krugman.blogs.nytimes.com/2010/02/13/the-case-for-hig... "When you have very low inflation, getting relative wages right would require that a significant number of workers take wage cuts. So having a somewhat higher inflation rate would lead to lower unemployment, not just temporarily, but on a sustained basis." Shorter Krugman: Cheat poor people out of their wages to make the government look like it's doing something about unemployment.

bubbleRefuge 11y ago
How about increase demand for labor via increasing overall aggregate demand via stronger fiscal policy ( lower taxes or high spending depending on your polics) Keynesians criticizing Krugmeister. http://stephaniekelton.libsyn.com/randy-wray-on-krugman-and-the-frustration-of-the-heterodox?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+StephanieKeltonPodcasts+%28Stephanie+Kelton+%C2%BB+Podcasts%29 http://stephaniekelton.libsyn.com/randy-wray-on-krugman-and-...