tag:blogger.com,1999:blog-5794535954827182754.post6755785091620261154..comments2024-02-17T04:06:00.805-05:00Comments on Just Not Said: More planksJohn Craighttp://www.blogger.com/profile/08729625146043379286noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5794535954827182754.post-51190399444759448322011-11-11T07:45:12.561-05:002011-11-11T07:45:12.561-05:00PS -- I wish the press -- as represented by Ed abo...PS -- I wish the press -- as represented by Ed above -- would stop asking me these complicated questions and just allow me to speechify with overly simplistic and extreme positions which lend themselves to catchy slogans and sound bites. (That's far more fun -- just ask Barack.)John Craighttps://www.blogger.com/profile/08729625146043379286noreply@blogger.comtag:blogger.com,1999:blog-5794535954827182754.post-57008685194548740532011-11-11T07:43:05.471-05:002011-11-11T07:43:05.471-05:00Ed --
I think the real problem was that the Fed wa...Ed --<br />I think the real problem was that the Fed was creating these low rates but that the banks were using that essentially free money to buy securities(like year bonds) rather than in turn lending the money out to small businesses. At the same time, many of the small businesses were reluctant to expand because of the uncertainties of the economy and also of ObamaCare. The solution is to make Fed lending to the banks dependent on how much the banks are willing to loan out, and also to repeal ObamaCare and cut back on Dodd-Frank and the countless other regulations which are hampering small businesses.John Craighttps://www.blogger.com/profile/08729625146043379286noreply@blogger.comtag:blogger.com,1999:blog-5794535954827182754.post-20420781001107099142011-11-10T23:35:58.392-05:002011-11-10T23:35:58.392-05:00Dear Candidate Craig,
What would you do about th...Dear Candidate Craig, <br /><br />What would you do about the Fed’s present policy of holding interest rates to artificially low levels? A regular person who has worked hard to accumulate savings can expect less than 1% return in a CD or money market, taxable, while real inflation is at 3.5%. It strikes me as incredibly unfair that hard working people should be losing 3% or more, annually, of their life savings if they choose to keep it in a secure investment, especially as markets have become increasingly volatile and chaotic. The primary beneficiary of the Fed’s artificially low interest rates is the banks, who are receiving the transfer of wealth form hard working cautious savers. <br /><br />- EdAnonymousnoreply@blogger.com