Comments on: Fed Policy Too Expansive on Its Own Terms

Comments on: Fed Policy Too Expansive on Its Own Terms http://www.nakedcapitalism.com/2007/09/fed-policy-too-expansive-on-its-own.html Sun, 22 Nov 2009 11:45:14 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2007/09/fed-policy-too-expansive-on-its-own.html#comment-902 Anonymous Thu, 20 Sep 2007 11:20:00 +0000 http://www.nakedcapitalism.com/2007/09/fed-policy-too-expansive-on-its-own-terms/#comment-902 Elmendorf's analysis is, frankly, a version of 'mark to model'. And, the model is flawed by the now-famously fictitious statistics used for inflation, unemployment and GDP. <br/><br/>Time to come out of Plato's Cave into the light. Elmendorf’s analysis is, frankly, a version of ‘mark to model’. And, the model is flawed by the now-famously fictitious statistics used for inflation, unemployment and GDP.

Time to come out of Plato’s Cave into the light.

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