Hearing on Federal Reserve starting now on CSPAN

[ravedown]

man-this is great, klein really explains his points clearly and seems to destroy the other arguments. this is very enlightening.

 

[MountaineerBill]

man-this is great, klein really explains his points clearly and seems to destroy the other arguments. this is very enlightening.

Klein and Herbener are a pleasure to listen to.

 

[Travlyr]

Of course without the Fed nobody would be experiencing the business cycle.

End The Fed this afternoon.

 

[Danan]

"2% is about right." This rate is completely arbitrary and if the growth is at the same rate every year and people could rely on it that whole stuff wouldn't even make sense under the neoclassical standard model as people would adjust to this. I don't see how academics can get away with this. And of course than there's Jeffrey Herberner's point regarding malinvestment to take into account.

The whole central bank makes no sense whatsoever.

 

[smithtg]

this alice rivilin - what a bunch of BS - "curtailing spending/borrowing now would inhibit the recovery" WHATEVER!

 

[DEGuy]

It's great to see that the focus of the hearing is whether or not to modify the Fed or end it completely. Paul is framing the whole discussion very well.

I can't wait to see the highlights from this hearing!

 

[MountaineerBill]

Al Green...smug bastard

 

[MountaineerBill]

Too bad Herbener and Klein's responses are going over Al Green's head.

 

[MountaineerBill]

Zing from Klein!! not exact quote "...just because the rest of the world embraces central banks doesn't mean it's a good idea"

 

[smithtg]

this crusty lady is sooo in the FED boat.

 

[Danan]

Treasury bills != $

Why does he refer to bonds if the quesiton was about the value of the dollar without the FED?

A gold backed dollar has nothing to do with treasuries.

 

[Evilfox]

Love it, Ron is signing books now and taking photos with people like a rockstar.

 

[MountaineerBill]

Love it, Ron is signing books now and taking photos with people like a rockstar.

Klein got a picture!

 

[palm]

hotmic!

 

[bb23]

How did it go?

 

[Bastiat's The Law]

this alice rivilin - what a bunch of BS - "curtailing spending/borrowing now would inhibit the recovery" WHATEVER!

It looked like Alice Rivilin sought out Dr. Paul to shake his hand and talk to him.

 

[Danan]

How did it go?

Two of the five experts said they would end the FED and that it has overall no positive impact on the economy.

So I'd say quite good.

 

[Bastiat's The Law]

What is with these false time constraints on these hearing by the way? It drives me crazy! It seems every Congressmen runs out of time and never gets to ask all their questions, or they get ask it, but then the witness has 10 seconds to answer?

 

[bb23]

Two of the five experts said they would end the FED and that it has overall no positive impact on the economy.

So I'd say quite good.

Awesome

 

[Bastiat's The Law]

Two of the five experts said they would end the FED and that it has overall no positive impact on the economy.

So I'd say quite good.

Prof. Taylor, who said he wouldn't end it, was pretty critical of them though. He was a good witness.