Comments on: Are we heading for another Great Depression – read what the US Fed Reserve Governor thinks http://www.globalization.ac.nz/2008/01/17/are-we-heading-for-a-financial-crisis-read-what-the-us-fed-reserve-governor-thinks/ Political Studies 341 Tue, 17 May 2011 00:06:21 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: nelson http://www.globalization.ac.nz/2008/01/17/are-we-heading-for-a-financial-crisis-read-what-the-us-fed-reserve-governor-thinks/comment-page-1/#comment-319 nelson Thu, 23 Sep 2010 04:25:56 +0000 http://www.globalization.ac.nz/2008/01/17/are-we-heading-for-a-financial-crisis-read-what-the-us-fed-reserve-governor-thinks/#comment-319 I wonder what the relevance of this is now, 2 years on. it does make a good read however and its good to hear differing opinions and strong reason. I wonder what the relevance of this is now, 2 years on. it does make a good read however and its good to hear differing opinions and strong reason.

]]> By: ptstillman http://www.globalization.ac.nz/2008/01/17/are-we-heading-for-a-financial-crisis-read-what-the-us-fed-reserve-governor-thinks/comment-page-1/#comment-35 ptstillman Sun, 20 Jan 2008 00:39:11 +0000 http://www.globalization.ac.nz/2008/01/17/are-we-heading-for-a-financial-crisis-read-what-the-us-fed-reserve-governor-thinks/#comment-35 Why don't you tell people what the Federal Reserve really is? Here is a link that will open people's eyes to the real culprit to the biggest depression in world history. This has nothing to do with the US. It is about who controls the money. http://www.usgoldcoins.com/index.php?option=com_content&task=view&id=56&Itemid=1 Why don’t you tell people what the Federal Reserve really is? Here is a link that will open people’s eyes to the real culprit to the biggest depression in world history. This has nothing to do with the US. It is about who controls the money.
http://www.usgoldcoins.com/index.php?option=com_content&task=view&id=56&Itemid=1

]]> By: Oliver Woods http://www.globalization.ac.nz/2008/01/17/are-we-heading-for-a-financial-crisis-read-what-the-us-fed-reserve-governor-thinks/comment-page-1/#comment-24 Oliver Woods Thu, 17 Jan 2008 10:30:48 +0000 http://www.globalization.ac.nz/2008/01/17/are-we-heading-for-a-financial-crisis-read-what-the-us-fed-reserve-governor-thinks/#comment-24 Bernanke's views on the Great Depression are the same as those of Milton Friedman, as he has publically noted a number of times - which proves nothing apart from the fact that Bernanke has wasted much of his academic career. Although the media seem obsessed with portraying him as a moderate and not as ideologically libertarian as Greenspan was (who was a huge fan of Hayek, Ayn Rand and all sorts of other figures we all know and love from the extreme right), in reality there is little to indicate that Bernanke is much different. As he noted, he's a Republican - which to me is politicising a position that people like Bernanke themselves pretend is entirely separate from ideological and party politics. Bernanke's ideas regarding giving good information are economically sound, but frankly the guy's far more problems than he can sort out fiddling with interest rates, inflation and other Friedmanite/monetarist preoccupations. Bernanke’s views on the Great Depression are the same as those of Milton Friedman, as he has publically noted a number of times – which proves nothing apart from the fact that Bernanke has wasted much of his academic career.

Although the media seem obsessed with portraying him as a moderate and not as ideologically libertarian as Greenspan was (who was a huge fan of Hayek, Ayn Rand and all sorts of other figures we all know and love from the extreme right), in reality there is little to indicate that Bernanke is much different. As he noted, he’s a Republican – which to me is politicising a position that people like Bernanke themselves pretend is entirely separate from ideological and party politics.

Bernanke’s ideas regarding giving good information are economically sound, but frankly the guy’s far more problems than he can sort out fiddling with interest rates, inflation and other Friedmanite/monetarist preoccupations.

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