I’ll be on Wisconsin Public Radio’s Week In Review tomorrow morning from 8 AM to 9
PM
AM. I’ll be discussing the issues of the day with Christine Bremer Muggli and YOU!
Tune in.
8 AM to 9 PM.
Wow, 13 straight hours? Those NPR folks will wear you down.
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lol
It’ll be a long day!
Is there an iphone app that would allow one to get WPR?
Try Pocket Tunes.
Thank you. I paid the $6.99 for the app in hopes that Owen uses the term ‘ambulance chaser’ at least once in in the hour…
So that woman is a ‘student of history’ and FDR broke us out of the Great Depression…. wow .... wow… wow…
I tried to refute that…. grrrr….
And with regard to her ridiculous BP argument…Who has received more campaign contributions from BP than anyone in history? BHO…
wow Owen, you really are closed mind. Consider a bigger picture. No one is always right, but you sure seem to think you are.
Could you explain Paul Ryan’s theory that raising interest rates is going to push money into the economy? kthxbai.
By the way, I can get live WPR streams to my iPhone through NPRs free app.
Could you explain Paul Ryan’s theory that raising interest rates is going to push money into the economy? kthxbai.
The Fed is borrowing money to banks at a zero interest rate. The banks are turning around and buying (with the free loans from the Fed) Treasury bonds. Ryan wants to curb this behavior…
Ryan’s response to criticism on Fed rate…
“Of course I do not think increasing the federal funds rate is what one does to spur immediate economic growth. But I do think we need to understand that the extremely accommodative monetary policy we have had for the past two years is not risk free. Observers like Kansas City Fed President Tom Hoening have made the case for a modest increase in the federal funds rate to send signals of monetary credibility, get back to normalcy and ward off speculative behavior (i.e., the next bubble). (More from Hoening [pdf]).
Also – I’m not convinced – but intrigued – with the debate over the carry trade that is going on right now. What I mean by that is banks can borrow at essentially no cost from the Fed, plow the money back into no-risk Treasury securities, and earn that modest spread. This dynamic, while obviously helping banks recapitalize, could be curbing capital deployment in the private sector.
I’m intrigued – but not convinced – by this argument. I appreciate the opportunity to fully explain my point.”
Stagflation is what occurs after Keynesian policies fail…