7 thoughts on “Who Said This and When? Do You Agree?

  1. Anna Schwartz?

    The statement shows why many people think the size of the preceding boom gives a clue as to the depths of the recession.

  2. Well, I’d want to unpack the word “excesses.” Also, reading Schwartz’s op-ed, she’s saying Bernanke did a poor job, but give us the right Fed chair and things could be ok. Doubtful, in my opinion.

  3. Anna J. Schwartz

    I do agree that with easy monetary policy, there becomes abuse of the system and there is not enough regulation to separate the wasteful with the beneficial. The excess amount of investments would create a build up of and when the bubble does eventually burst, the severity of the recession would be multiplied. For example, if college students graduated and wanted to borrow money from lenders simply to create their “dream project/business” and a recession led them to be less profitable, the severity of the recession would increase due to all of the failing projects/businesses.

    I believe that a strict monetary policy may not be ideal for many of the poorer individuals, but it is necessary in order to keep stability and a healthy economy from getting progressively worse.

  4. Are you inferring that a Las Vegas stripper that owns 7 houses could contribute to a housing bubble?

    “History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it’s issuance.” –??????????

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