Some incredible dumb comments in this. These advisors actually get paid?
"We are now more than four years into quantitative easing in the US and elsewhere and the much feared problems haven’t appeared"
My comment: the bubble that was started in 2002/2003 did not pop until 2008 / 9. What an idiot statement to say 'well, no problems so far - and that means problems will NEVER appear'. Geez!
"It is well known that monetary policy cannot solve structural problems in an economy. But like a drip feeding into a patient in a coma it can keep it alive until enough healing has occurred. This appears to be what is happening in the US"
My comment: Just WOW! The writer says the economy is healing. Anyone can show a million metrics that say structurally the US is in WORSE shape now.
"There is the argument that free market forces should be able to run their course in order to allow a proper cleansing of the ?nancial system of its past excess associated with debt. However, the problem is that it ignores the role of free market forces in causing the problem in the ? rst place. Also it ignores the likelihood that if free market forces are able to run their course, numerous innocent bystanders will be adversely affected"
My comment: WOW again. So, the free market causes problems, therefore the free market cannot fix them. The writer is arguing for control economy, Circa USSR five year plans. Who the hell is the 'innocent bystander' the command economy is protecting. This is 100% Soviet command economy cronyism. Under the guise of protecting the comman man, the upper .5% plunder.
"Concerns about QE driving economic mayhem, currency wars, hyperin?ation, etc, are overblown"
My comment: Japan today, the US tomorrow. The writer is about as dumb as they get. I wonder what he was writing in 2005 and 2006 and 2007
