Jack Kemp dies

[Bradley in DC]

Kemp on the Fed:

“Here is the lesson the new Fed chairman must learn immediately if he
is not to allow himself to be whipsawed trying to adjust to
contemporary inflationary impulses over which he has no control by
using backward-looking models and non-rigorous impressions, which will
only intensify the turbulence and reinforce problems by untimely
actions.
The rule is simple: too much liquidity, inflation; too little
liquidity, deflation. The best way the monetary authority can know
whether it is injecting the right amount of liquidity is to watch
price-sensitive indicators, like the price of gold.
“As economist Donald Luskin at Trend Macrolytics pointed out recently,
inflation from excessively loose monetary policy during the past couple
of years is now baked in the cake, and ‘there will be a great deal more
inflation than anyone expects now - and a lot more market turbulence’.”

 

[anaconda]

Actually, Kemp was brought in to clean up the previous corruption.

See the links above re Catherine Austin Fitts.

Here's a quote of hers:

"I was fired by Jack Kemp in late 1990 because I would not go along with the questionable political practices, which seem to be built into HUD's machinery and purpose. But still I did not see the bigger picture." this from

http://www.fromthewilderness.com/free/economy/ethnic_cleansing_usa.html

 

[Bradley in DC]

See the links re Catherine Austin Fitts.

I know and like Catherine. HUD has always been a problem--it's designed that way.

 

[0zzy]

this is Jack Kemp CFR member and co-author of CFR reports with John Kerry of Edwards????


I fail to see how he qualifies at being anything good for liberty.

people tend to ignore you when you make collectivist statements like that. "he was CFR!"

 

[Bradley in DC]

Kemp promoted Mises

http://thinkmarkets.wordpress.com/2009/05/03/jack-kemp-rip/

Jack Kemp, RIP
May 3, 2009
by Sandy Ikeda

I was a student at Hillsdale College when the Congressman from New York gave a speech there, probably in 1976 or 77. I remember little about the speech itself — probably touting tax cuts and supply-side economics — except that at one point he held up a copy of Human Action and praised its author, Ludwig von Mises. I was thrilled!

 

[Brian4Liberty]

I didn't know a whole lot about Kemp in the later years. All I knew was that he professed small government and fiscal conservatism, and was an ally of Reagan. He also seemed to be a thorn in the side of the establishment Republicans like Bush, Dole, Baker, Stockman, etc... seemed like he wasn't in lockstep with them. Hadn't heard a lot about him since the Reagan years.