tag:blogger.com,1999:blog-3098264341625381422.post4735253613433379583..comments2024-03-18T17:01:07.165-07:00Comments on The Provocateur: How Bernanke Uses Quantitative Easing to Control the Worldmike volpehttp://www.blogger.com/profile/02999118519606254362noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3098264341625381422.post-86393516176585494832009-05-30T17:28:31.687-07:002009-05-30T17:28:31.687-07:00There is so much peculiar in your comment. First, ...There is so much peculiar in your comment. First, I don't who these people are that are widely praising Bernanke but I think they're the same people that praised Greenspan in 2002-2003. Don't necessarily listen to conventional wisdom.<br /><br />That said, I never even criticized Bernanke in this post. I certainly said nothing about inflation. So, why are you countering two points I never made here at least.<br /><br />That said, if Krugman really thinks that massive government borrowing doesn't carry with it eventual inflation then he can go back to basic economics and learn it again. I am neither impressed with Krugman or his Nobel Prize.<br /><br />He is the very political ideologue he accuses his opponents of. He is a true believer in Keynesian economics which by the way is not anything like quantitative easing. Both eventually cause inflation. His whole statement is purely political. he wants to impugn the credibility of his opponents because they don't, like him, believe in Keynesian economics.mike volpehttps://www.blogger.com/profile/02999118519606254362noreply@blogger.comtag:blogger.com,1999:blog-3098264341625381422.post-52828020246781966192009-05-30T16:44:39.539-07:002009-05-30T16:44:39.539-07:00Benanke is being widely praised for his efforts th...Benanke is being widely praised for his efforts thus far.<br /><br />Krugman says the main risk is deflation, not massive inflation. He says inflation [especially hyperinflation] is very unlikely and cites examples.<br /><br />http://www.nytimes.com/2009/05/29/opinion/29krugman.html?ref=opinion<br /><br />"But it’s hard to escape the sense that the current inflation fear-mongering is partly political, coming largely from economists who had no problem with deficits caused by tax cuts but suddenly became fiscal scolds when the government started spending money to rescue the economy. And their goal seems to be to bully the Obama administration into abandoning those rescue efforts."<br /><br />What say you to the Nobel Prize winning economist Mike?Simonnoreply@blogger.com