Bio
Getting by with Mrs. Sisyphus and the little Sisyphuses, up on the roof with the field glasses watching what oozes across the Beltway in our direction. A tech consultant by trade, working the Tea Party thing here and there when I can. The opposition press is doing a real good job growing the movement with the hyper-bigoted bigotry slanders and libels, thanks for the unforced errors.
And yes, I have called field service about the boulder many, many times. They continue to insist that it is not a bug but a feature.
You can find me @sisyphusX on Twitter.com and at my blog here.
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Re: Jim Pethokoukis and John Taylor Debate Quantitative Easing
This is so far removed from the sort of substantive debate we hear from Epstein, Yoo, and Senik and other Ricochet podcasters, or Coffee & Markets, that I'm not even going to score it. JP has offered far sounder arguments for his opinion in more serious forums and JT ably wields an awfully big sledge pointing out the American experience with QE solutions.
But the QEs have been different in structure, both from each other and from their historical predecessors, and their effects have been swamped by enough legislative and regulatory mischief to argue that the first step to solvency is to dissolve the federal government. By the time the federal government had recapitalized their favored lenders to restore liquidity, Dodd-Frank, to mention one, introduced federal penalties for making the bad loans that federal legislation had been penalizing banks for not making for a generation. And then there's the problem of an unstable velocity of money. It turns out that the number of tomes the same dollar is spent a year has a huge impact on the economy. When the government is demonstrably incompetent, the velocity slows and the engine seizes. Instant karma, better than animal spirits.