Wednesday, March 09, 2011

You Know Nothing Of My Work

John Taylor gets his Marshall McLuhan on. This situation might be almost as amusing as the theater line scene in the film, except we just learned that the largest monetary experiment in history is based at least partly on a flawed understanding of a fundamental policy rule.

As the consequences of this incompetence and zealotry hit the public at the gas pump and grocery store, one wonders how much longer Congress can remain complicit before it imposes the accountability Taylor advocates in the last paragraph of his post.

6 Comments:

Anonymous KAIMU said...

ALOHA!!

I'd say Mr. Taylor says more on the paragraph above the last one where if you read between the lines he says that if Bernanke does not raise rates by the end of this year then America will be JAPAN!

3/10/2011 1:06 AM  
Anonymous Goldhorder said...

America is in much worse shape than Japan.

3/11/2011 3:25 PM  
Blogger Thomas Daulton said...

I am not at all sure recent events have disqualified Goldhorder's prediction.

Nice to see TCR back after a long absence, though!

3/15/2011 2:21 PM  
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