Thursday, April 16, 2015

Ben's new freedom

Since the start of the blog in 2007, there have been 70 posts in which Ben is mentioned. Ben? He of the new blog (former Chair of the FED). In 2009, we moved most of the finance posts to another blog where Ben has been mentioned in 207 posts. But, then the topic of that blog is the aeration that we see from the FED's injections (the benefit of which goes to only a few particular classes - in a very large way).

In his blog, Ben has touted his choices as being correct. Of course, we expect him to believe in what he is doing. Too, he is arguing for how monetary policy ought to play out in the future. Again, that is his focus, so great.

One thing that Ben has claimed, blog wise, is that he did not throw the elderly under the bus. But, there has been some type of financial change since 2008 that is palpable in which the many suffer and the few rake (take their baths in, ala scrooge of the comic strips) in the dough.

Somehow, one gets the idea that truth is of essence here in the different worldviews. So, we will have to continue with the theme.

While we look at things with the light of truth, we will continue to track Ben's comments. He and Janet seem to be on a similar page. She is now talking secular stagnation which Ben mentioned in one of his posts (where he and Larry had a pi**ing contest).

Remarks:   Modified: 04/16/2015

04/16/2015 -- So, moral hazards, hubris, and a whole lot more. Well, money flows from the FEDs through the system. That those who run the system siphon off (largely) may be considered to be part of the reality of modern economics. Hah. Ben cannot see the reality of the situation from his perch up top of the heights. But, then, most being enslaved has been the reality of humankind since the beginning. However, at some point, economic freedom will get its attention (some dude CEO made 200M+ the past year - must be nice - not, though, as a true look at near zero will show).

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