The Unaconomist Calls for Stagflation to Fix our Economic Woes

No matter how blue I get I can always count on Paulie K to cheer me up:

What would a real response to our problems involve? First of all, it would involve more, not less, government spending for the time being — with mass unemployment and incredibly low borrowing costs, we should be rebuilding our schools, our roads, our water systems and more. It would involve aggressive moves to reduce household debt via mortgage forgiveness and refinancing. And it would involve an all-out effort by the Federal Reserve to get the economy moving, with the deliberate goal of generating higher inflation to help alleviate debt problems.

Spend more money we don’t have? Buy houses for people who reneged on their obligations? But my favorite is deliberately cause higher inflation. That’s gotta be a new low even for Paulie K. For those of us who remember the late ’70s, higher inflation during periods of low economic growth is called stagflation. And he wants do deliberately cause it??? How does this guy keep his job?


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mharper42
mharper42
August 13, 2011 8:32 am

EG, did you have insomnia or do you get up at 2:30 am ?

El Gordo
August 13, 2011 2:44 am

As long as I’m on a roll here, I’ve got another idea. Let’s see if there is a way to have some tenders or minders or whatever you want to call them to direct our revered representatives when they get off the beam. The Dems have the Union Thugs to keep them in line, so I’m just wondering if there… Read more »

El Gordo
August 13, 2011 2:36 am

On another topic, I heard some supposed tea party congresscritter this morning talking on Sam Malone’s show explaining why he voted in favor of the raise in debt ceiling. He may have let the cat out of the bag when he said that he talked to all the bankers and the experts before deciding to vote in favor of the… Read more »

El Gordo
August 13, 2011 2:28 am

#10 – I figure OBH has decided that Senator Cornyn is a toothless guard dog so he has nothing to fear from him. As for Holder, he is just doing his master’s bidding, so there is no need to throw him under the bus, and he doesn’t care what the citizens think, so what has he got to lose. He… Read more »

mharper42
mharper42
August 12, 2011 11:35 am

#8 Shannon
So you caught a little Michael Savage impersonator?

Hamous
August 12, 2011 10:15 am

No more Cherry Pie.
/the lead singer for Warrant was a dude???

Hamous
August 12, 2011 10:14 am

The open comments post is here.

OletimerLin
OletimerLin
August 12, 2011 9:57 am

Meanwhile, Big Brother continues to make their own laws putting you on a terroist watch for doing such things as buying food, matches, water proof boxes and other such things hunters start buying before hunting season. Probably means us Hamsters are on a Terrorists Organization Group watch. I would put /spits here, but my mouth is frothing so bad it’s… Read more »

OletimerLin
OletimerLin
August 12, 2011 9:52 am

So when is OBH gonna throw Holder under the bus to cover his own a$$? Sen. John Cornyn took a stand against the gun walking that has been reported in Texas. Gun walking is a practice similar to the Bureau of Alcohol, Tobacco, Firearms and Explosives’ “Fast and Furious” operation, which is now undergoing intense scrutiny in a congressional investigation.… Read more »

OletimerLin
OletimerLin
August 12, 2011 9:50 am

I have given to them before. Great organization. Another of my favorites is Navy Relief. They have been around for ages, are all an volunteer agency for the Navy/USMC. They were a tremendous help to me when I was a Corporal in the Corps and my mother was dying an extended death of colon cancer.

Shannon
Admin
August 12, 2011 9:40 am

Oletimer
There was a guy filling in for Michael Savage the other day. He spoke highly of this organization which has extended benefits to the families of all those killed in that operation, Special Forces or not:
http://www.specialops.org/

OletimerLin
OletimerLin
August 12, 2011 9:30 am

I think OBH’s title should be changed from President of the United States to Entertainment Director on the Titanic.

OletimerLin
OletimerLin
August 12, 2011 9:29 am

These guys get a special place in heaven. God bless them for giving their lives for us. Portraits of Navy SEALs killed in helicopter crash Aug 12 05:56 AM US/Eastern By The Associated Press The American troops who died aboard a downed helicopter in Afghanistan came to the special forces from far-flung corners of the country, some motivated by the… Read more »

OletimerLin
OletimerLin
August 12, 2011 9:27 am

G’Morning all

I can always count on Paulie K

/retches on keyboard
Where do I send the invoice for the new one?

El Gordo
August 12, 2011 9:04 am

He won a Nobelly Prize, but then so did our President, so I guess that’s no longer a resume enhancement. Now Algore not only won a Nobelly, but also an Oscar – now that really starts to mean something at that level. However, Elmer Fudd would probably have a better idea about how to fix things than these clowns.

Hamous
August 12, 2011 8:45 am

Looks like the NYT thinks our economy needs inflation too. The focus on combating inflation at a time when the economy is clearly not overheating and when oil prices are retreating is akin to Washington’s fixation on spending cuts when the economy is weak. Both are a fundamental misreading of what the economy needs. So does the losingest presidential campaign… Read more »

mharper42
mharper42
August 12, 2011 8:45 am

people who reneged on their obligations 60 Minutes once did some interviews with sub-prime mortgagees who were losing their houses. One dude I remember in particular clearly had not understood any part of the homeowner obligation, aand for sure, didn’t understand money or finance. He said he signed up for “the program” because it put his family in a nice… Read more »

Shannon
Admin
August 12, 2011 8:22 am

The guy’s a genius, Hammie.

mharper42
mharper42
August 13, 2011 8:32 am

EG, did you have insomnia or do you get up at 2:30 am ?

Super Dave
August 13, 2011 2:44 am

As long as I’m on a roll here, I’ve got another idea. Let’s see if there is a way to have some tenders or minders or whatever you want to call them to direct our revered representatives when they get off the beam. The Dems have the Union Thugs to keep them in line, so I’m just wondering if there… Read more »

Super Dave
August 13, 2011 2:36 am

On another topic, I heard some supposed tea party congresscritter this morning talking on Sam Malone’s show explaining why he voted in favor of the raise in debt ceiling. He may have let the cat out of the bag when he said that he talked to all the bankers and the experts before deciding to vote in favor of the… Read more »

Super Dave
August 13, 2011 2:28 am

#10 – I figure OBH has decided that Senator Cornyn is a toothless guard dog so he has nothing to fear from him. As for Holder, he is just doing his master’s bidding, so there is no need to throw him under the bus, and he doesn’t care what the citizens think, so what has he got to lose. He… Read more »

mharper42
mharper42
August 12, 2011 11:35 am

#8 Shannon
So you caught a little Michael Savage impersonator?

wagonburner
Editor
August 12, 2011 10:15 am

No more Cherry Pie.

/the lead singer for Warrant was a dude???

wagonburner
Editor
August 12, 2011 10:14 am

The open comments post is here.

GJT
GJT
August 12, 2011 9:57 am

Meanwhile, Big Brother continues to make their own laws putting you on a terroist watch for doing such things as buying food, matches, water proof boxes and other such things hunters start buying before hunting season. Probably means us Hamsters are on a Terrorists Organization Group watch. I would put /spits here, but my mouth is frothing so bad it’s… Read more »

GJT
GJT
August 12, 2011 9:52 am

So when is OBH gonna throw Holder under the bus to cover his own a$$? Sen. John Cornyn took a stand against the gun walking that has been reported in Texas. Gun walking is a practice similar to the Bureau of Alcohol, Tobacco, Firearms and Explosives’ “Fast and Furious” operation, which is now undergoing intense scrutiny in a congressional investigation.… Read more »

GJT
GJT
August 12, 2011 9:50 am

I have given to them before. Great organization. Another of my favorites is Navy Relief. They have been around for ages, are all an volunteer agency for the Navy/USMC. They were a tremendous help to me when I was a Corporal in the Corps and my mother was dying an extended death of colon cancer.

Shannon
Shannon
August 12, 2011 9:40 am

Oletimer

There was a guy filling in for Michael Savage the other day. He spoke highly of this organization which has extended benefits to the families of all those killed in that operation, Special Forces or not:

http://www.specialops.org/

GJT
GJT
August 12, 2011 9:30 am

I think OBH’s title should be changed from President of the United States to Entertainment Director on the Titanic.

GJT
GJT
August 12, 2011 9:29 am

These guys get a special place in heaven. God bless them for giving their lives for us. Portraits of Navy SEALs killed in helicopter crash Aug 12 05:56 AM US/Eastern By The Associated Press The American troops who died aboard a downed helicopter in Afghanistan came to the special forces from far-flung corners of the country, some motivated by the… Read more »

GJT
GJT
August 12, 2011 9:27 am

G’Morning all

I can always count on Paulie K

/retches on keyboard

Where do I send the invoice for the new one?

Super Dave
August 12, 2011 9:04 am

He won a Nobelly Prize, but then so did our President, so I guess that’s no longer a resume enhancement. Now Algore not only won a Nobelly, but also an Oscar – now that really starts to mean something at that level. However, Elmer Fudd would probably have a better idea about how to fix things than these clowns.

wagonburner
Editor
August 12, 2011 8:45 am

Looks like the NYT thinks our economy needs inflation too. The focus on combating inflation at a time when the economy is clearly not overheating and when oil prices are retreating is akin to Washington’s fixation on spending cuts when the economy is weak. Both are a fundamental misreading of what the economy needs. So does the losingest presidential campaign… Read more »

mharper42
mharper42
August 12, 2011 8:45 am

people who reneged on their obligations 60 Minutes once did some interviews with sub-prime mortgagees who were losing their houses. One dude I remember in particular clearly had not understood any part of the homeowner obligation, aand for sure, didn’t understand money or finance. He said he signed up for “the program” because it put his family in a nice… Read more »

Shannon
Shannon
August 12, 2011 8:22 am

The guy’s a genius, Hammie.