Ludlow on Monetary Policy

[FRED]

Floating exchange rates plus low inflation = prosperity.

[jk]

Re: Ludlow on Monetary Policy

Floating exchange rates plus low inflation = prosperity.

so if we have manipulated exchange rates plus falsely-low inflation, what does that get us?

[metalman]

Re: Ludlow on Monetary Policy

so if we have manipulated exchange rates plus falsely-low inflation, what does that get us?

fake exchange rates + fake inflation numbers = fake prosperity.

question: will we have a fake recession?

nah. it'll be real enough. in fact...

"It seems your political affiliation has a lot to do with whether or not you think we're in a recession. Saying yes to the "R" word are 70 percent of democrats, 56 percent of independents, and 38 percent of republicans. I wonder what would happen to those numbers if, say, Clinton was suddenly magically president, but everything else was the same."