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Thread: Commencement Remarks from Christine Romer (Council of Economic Advisors)

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  1. #1
    Havakasha is offline

    Commencement Remarks from Christine Romer (Council of Economic Advisors)

    I quess some might disagree with her.
    Still i think everyone should read it because she is one smart lady.

    http://www.wm.edu/news/stories/2010/...a-romer-81.php

  2. #2
    SiriuslyLong is offline
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    Joined: Jan 2009 Location: Ann Arbor, MI Posts: 3,560
    Quote Originally Posted by Havakasha View Post
    I quess some might disagree with her.
    Still i think everyone should read it because she is one smart lady.

    http://www.wm.edu/news/stories/2010/...a-romer-81.php
    You're correct! lol.

    Typical Kenyesian thought. If you're household was floundering would you run up more credit card debt? That's what monetary policy is my friend.

    Secondly, I'm not on board with comparing now to FDR's time. We were a nation of productive output. Now we are a "service economy".

    A printing press is not an economic tool.

  3. #3
    Havakasha is offline
    Agree to disagree.

    Even Martin Feldstein (Conservative economist) acknowledges you HAVE to spend money when you are in a deep recession. He may disagree with the exact policy prescriptions of the Obama administration but there is no disagreement on that basic fact.
    Now, after you spend to grow the economy what you do is a whole other thing. And very complicated i might add. Not given to easy policy prescriptions like "cut taxes" and cut spending.
    I am all for tax reform and budget cuts down the line. In fact its an absolute necessity. We just might disagree on what kind of tax reform and which budget cuts.
    Last edited by Havakasha; 05-17-2010 at 11:27 AM.

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