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 「天變不足畏，祖宗不足法，人言不足恤。」 |
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2010/12/15 22:38 |
不甩抨擊 聯準會維持QE2政策。
儘管國際持續質疑，美國聯準會聯邦公開市場委員會（FOMC）14日決定維持上個月宣布的政策，繼續執行被稱為QE2的第二次量化寬鬆政策，在明年6月底前購買總值6000億美元的美國政府長期公債，平均每個月750億美元。
許多國家批評，聯準會十一月推出的QE2，等於是變相操縱美元匯率，由於美元是國際儲備貨幣，美國這種印鈔票救經濟的作法將導致其他國家出現資產泡沫化風險。
FOMC表示，上個月會議後獲得的資訊顯示，美國經濟持續復甦，但速度緩慢，不足以降低失業率。家戶支出溫和增加，但仍受限於高失業率、收入增加不多、家戶財富縮水及信用緊縮；企業購買設備及軟體的支出增加，增加幅度較今年稍早減緩；企業主不願增加雇用人員，房市持續不振。
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| Stimulus should be the bigger priority ! |
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2010/12/05 01:30 |
Similarly, Nobel winner Robert Solow of the Massachusetts Institute of Technology argues in the academic journal Daedalus that pursuing deficit reduction now "seems at best perverse, and in sufficient force, a suicidal recipe for renewed and protracted economic downturn."
Mr. Solow, writing those words with Benjamin Friedman of Harvard University, argues that even though the US will need to address its deficit and debt problems at some point, fiscal stimulus can be a powerful tool for lifting the economy.
Another Nobel winner, Paul Krugman, has made similar arguments to those of Stiglitz and Solow in recent columns for the New York Times.
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| Not everyone agrees deficit is major problem |
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2010/11/19 01:57 |
http://news.yahoo.com/s/yblog_thelookout/20101118/ts_yblog_thelookout/not-everyone-agrees-deficit-is-major-problem
In prepared testimony before the presidential debt commission this summer, James Galbraith, a professor at the Lyndon B. Johnson School of Public Affairs at the University of Texas, argued that this means the only way to reduce the deficit is to reduce unemployment, not to cut spending or raise taxes. Galbraith argued that the only way to reduce unemployment without adding to the deficit through more government spending is to get banks lending again, by fixing the root problems in the financial sector that caused the financial crisis in the firstplace.
Galbraith -- a former director of Congress's Joint Economic Committee, went on to address the idea that cutting Social Security benefits can help close the deficit. That's been a mainstay of the debate, and it's a notion that the commission's co-chairs appear to subscribe to, judging from their recent proposal, which recommends significant cuts to the program. But Social Security, Galbraith noted, isn't a spending program at all. It simply transfers wealth from today's taxpayers to low-income elderly people in the future.
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| Not everyone agrees deficit is major problem |
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2010/11/19 01:55 |
Next, Galbraith took on the argument that deficits will produce higher long-term interest rates, making it prohibitively expensive for the government to borrow in the future. That's not true, he countered, because the government doesn't spend in the same way that private individuals or companies do. "So long as U.S. banks are required to accept U.S. government checks — which is to say so long as the Republic exists — then the government can and does spend without borrowing, if it chooses to do so," he declared.
All in all, Galbraith said, the current mania for deficit reduction is disastrously misplaced. "The right economic objectives are to meet real problems, not those conjured from thin air by economists," he concluded. "Bringing about a rapid end to unemployment, caring properly for an aging population, cleaning up the Gulf of Mexico, coping with our energy insecurity and with climate change are all far more important objectives than reducing a projection of future budget deficits."
--- to be continued
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| Not everyone agrees deficit is major problem |
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2010/11/19 01:34 |
Continue...
Galbraith's testimony may have been the most detailed and extensive presentation of the deficit contrarians' position. But its basic thrust has received support from other prominent and respected figures. Paul Krugman of the New York Times, Dean Baker, the co-director of the Center for Economic and Policy Research, a progressive economic think tank, and Robert Reich, who served as Labor Secretary in the Clinton administration, all have contended, like Galbraith, that the deficit was caused by a loss of demand triggered by the bursting of the housing bubble.
Krugman and Baker also agree that concern over creating an interest burden for future generations is misplaced. Writing recently in the Boston Review, Baker noted that the Fed can simply buy the debt and hold it indefinitely, as it's now doing. "This means that the country really has no near-term or even mid-term deficit problem," he concluded. "The current deficit is a positive. In fact, if it were larger we would have more jobs and growth."
Krugman has used very similar language. "If anything, deficits should be bigger than they are because the government should be doing more than it is to create jobs," he wrote in February.
Reich hasn't gone quite that far, but he shares the view that the focus on the deficit as opposed to the economic slump is not only misplaced, it's counter-productive. "Our biggest problem isn't the size of pending federal budget deficits or debt but an anemic recovery that may drag on for years," Reich wrote recently. "And unless we're careful, budget-deficit mania may further slow economic growth -- thereby making future debts even less manageable."
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| 對！我們能製造美元 |
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2010/11/07 18:02 |
http://blog.udn.com/jn010/4567205
敬請人道支援 我卓越不群的母親八旬阿嬤【台灣司法◎人間煉獄】部落格 |
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摸 象 或 (不?) 著 木目(mbr8879576) 於 2010-11-07 20:04 回覆： |
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Create wealth from thin air !!!
憑空 創造 財富 ?
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| 柏南奇：美量化寬鬆 也有利全球 !!! |
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2010/11/07 06:47 |
柏南克說：「當美國經濟強勁成長時，美元才會出現最佳基本面，我們知道美元在全球經濟中扮演特別的角色。」
柏南克在回答金價飆漲與通膨疑慮的問題時說：「我非常清楚地說，我們絕對致力於維持低而穩定的通膨水準。我們有工具，能在適當的時間轉為緊縮政策。我們會兩者兼顧。」
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字體：小 中 大
