European Tribune - Comments - Thursday Open Thread

Thursday Open Thread | 161 comments (161 topical, 0 editorial, 0 hidden)

there's a lot of commentary at the moment that the interest rate solution is not only not working, but is trying to fix the wrong problem and becoming counter productive.

People are beginning to suspect that, whatever the macroeconomic ills, there will be no improvement whilst people are making autonomous microeconomic decisions due to their personal circumstances. And the govt hasn't even begun to imagine doing anything about that.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Jan 8th, 2009 at 11:45:27 AM EST
[ Parent ]

Re: Hoooooboy (4.00 / 2)

What do you expect them to do? They're only a government.

by afew (afew(a in a circle)eurotrib_dot_com) on Thu Jan 8th, 2009 at 11:52:07 AM EST
[ Parent ]

Re: Hoooooboy (none / 0)

Can Monetarism really be dead?

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Thu Jan 8th, 2009 at 12:30:49 PM EST
[ Parent ]

Re: Hoooooboy (none / 1)

Interest rates are pretty useless in a situation like this. Now, with that said, Calculated Risk noted the other day that Bernanke did seem to have had some success getting the key indicators -- TED spread, etc -- back down to something closer to normal.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin

by Drew J Jones (myfriends@thisispancakes.com) on Thu Jan 8th, 2009 at 01:26:53 PM EST
[ Parent ]

Thursday Open Thread | 161 comments (161 topical, 0 editorial, 0 hidden)

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