Question: Do yahoo posters know more about economics than the Federal Reserve Chairman?

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Answer #1:

We sure do

Answer #2:

You do realize that this crap that you are copying and pasting is from a guy who is forever lobbying to get congress to agree for him to CREATE more money out of thin air, loan it to the government, and get paid back at an interest of 1% or higher, right?

Just checking...

The Federal Reserve, Might I add, is among the most corrupt organizations around and you can't possibly be okay with it if you knew what it was.

Answer #3:

Yep, Ben Bernake said there was no housing bubble....right before it collapsed.

Hes definetly a keynesian....and he was definetly...wrong.

Answer #4:

I do.

It was obvious to me that loaning money to people who are 1 paycheck away from unable to pay their mortgage and have no equity in their property meant economic catastrophe when the first shock to the economy came via terrorism, normal recessionary cycles.

Furthermore, it was obvious to me that artificially restraining interest rates to support the casino game in fixed income capital markets out of fear that the economy would slow in response to other bush admin activities was a recipe for disaster.

Even Greenspan admits that now.

Answer #5:

I may not know the complicated workings, but I can figure out the obvious elephant in the room that he ignores.

Answer #6:

Yeah I remember Ben Bernanke predicting the stock market crash too! Oh wait he was just as surprised as anyone. So much for being an expert.

Answer #7:

I got a bridge to sell you, bring your money...all of it.





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