Comments on: Tyler Cowen’s Misguided Morality Play http://www.nakedcapitalism.com/2007/09/tyler-cowens-misguided-morality-play.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/tyler-cowens-misguided-morality-play.html#comment-792 Anonymous Mon, 10 Sep 2007 20:18:00 +0000 http://www.nakedcapitalism.com/2007/09/tyler-cowens-misguided-morality-play/#comment-792 This is personal in a way but with a name like Tyler and having to pass through the US school system, no wonder he sees bias everywhere.<br/><br/>I blame the parents. This is personal in a way but with a name like Tyler and having to pass through the US school system, no wonder he sees bias everywhere.

I blame the parents.

]]> By: Anonymous http://www.nakedcapitalism.com/2007/09/tyler-cowens-misguided-morality-play.html#comment-788 Anonymous Mon, 10 Sep 2007 17:57:00 +0000 http://www.nakedcapitalism.com/2007/09/tyler-cowens-misguided-morality-play/#comment-788 Come to think of it.... there is no lack of liquidity in treasuries either. So where is the mole we need to whack? <br/><br/>Dodgey molerality says one....a conflation of default and deflation threatens another...blogger's challenges of facts and logic goes up the cry...<br/><br/>Nobody expects the Spanish Inquisition!!! Come to think of it…. there is no lack of liquidity in treasuries either. So where is the mole we need to whack?

Dodgey molerality says one….a conflation of default and deflation threatens another…blogger’s challenges of facts and logic goes up the cry…

Nobody expects the Spanish Inquisition!!!

]]> By: Anonymous http://www.nakedcapitalism.com/2007/09/tyler-cowens-misguided-morality-play.html#comment-784 Anonymous Mon, 10 Sep 2007 12:59:00 +0000 http://www.nakedcapitalism.com/2007/09/tyler-cowens-misguided-morality-play/#comment-784 Thank you for clarifying the distinction between moral hazard as an economic issue versus morality. One hopes that policy makers and business leaders will be guided by the kind of clear headed, careful and non-ideological thinking in this blog as opposed to the inconsistent, fact-free and, therefore, hopelessly muddled commentary of the 'we're always right' right-wing. Thank you for clarifying the distinction between moral hazard as an economic issue versus morality. One hopes that policy makers and business leaders will be guided by the kind of clear headed, careful and non-ideological thinking in this blog as opposed to the inconsistent, fact-free and, therefore, hopelessly muddled commentary of the ‘we’re always right’ right-wing.

]]> By: Anonymous http://www.nakedcapitalism.com/2007/09/tyler-cowens-misguided-morality-play.html#comment-783 Anonymous Mon, 10 Sep 2007 12:34:00 +0000 http://www.nakedcapitalism.com/2007/09/tyler-cowens-misguided-morality-play/#comment-783 'If the US goes into defaltion tommorow because of your ideologically coloured understanding of monetary policy then will YOU be answerable to the American public?'<br/><br/>Someone seems to be lacking a sense of perspective.<br/><br/>If the US goes into catastrophic deflation it is hardly going to be the fault of financial bloggers, whatever their views. <br/><br/>As for ideological coloring<br/>well that is a criticims that could be levelled at TC as well since he clearly has his own axes to grind. ‘If the US goes into defaltion tommorow because of your ideologically coloured understanding of monetary policy then will YOU be answerable to the American public?’

Someone seems to be lacking a sense of perspective.

If the US goes into catastrophic deflation it is hardly going to be the fault of financial bloggers, whatever their views.

As for ideological coloring
well that is a criticims that could be levelled at TC as well since he clearly has his own axes to grind.

]]> By: Anonymous http://www.nakedcapitalism.com/2007/09/tyler-cowens-misguided-morality-play.html#comment-782 Anonymous Mon, 10 Sep 2007 11:58:00 +0000 http://www.nakedcapitalism.com/2007/09/tyler-cowens-misguided-morality-play/#comment-782 Mr Smith, this is one of your worst articles. If the US goes into defaltion tommorow because of your ideologically coloured understanding of monetary policy then will YOU be answerable to the American public? TC might be right or wrong about the need or timing for rate cuts but he sin't talking about this. In your article the commenters that you quote have in the same article that you quote have urged the Fed to cut rates to prevent threat to the real economy. Ex-ante it can be hard to gauge whether the economy is going into a tailspin. TC is right. Commenters like you with a ideologically coloured understanding of the issue is making this into an issue of morality play. If you delete this comment I know whose morality is in question here. Mr Smith, this is one of your worst articles. If the US goes into defaltion tommorow because of your ideologically coloured understanding of monetary policy then will YOU be answerable to the American public? TC might be right or wrong about the need or timing for rate cuts but he sin’t talking about this. In your article the commenters that you quote have in the same article that you quote have urged the Fed to cut rates to prevent threat to the real economy. Ex-ante it can be hard to gauge whether the economy is going into a tailspin. TC is right. Commenters like you with a ideologically coloured understanding of the issue is making this into an issue of morality play. If you delete this comment I know whose morality is in question here.

]]> By: Anonymous http://www.nakedcapitalism.com/2007/09/tyler-cowens-misguided-morality-play.html#comment-781 Anonymous Mon, 10 Sep 2007 10:37:00 +0000 http://www.nakedcapitalism.com/2007/09/tyler-cowens-misguided-morality-play/#comment-781 The loan market is closed implies Cowen, yet in CP USD 200bn is being done per day.... that is still the highest ever:<br/><br/>http://www.federalreserve.gov/releases/cp/volumestats.htm#MKTMKT.<br/><br/>Move along.... no illiquidity here.<br/><br/>So where is the elusive illiquidity? Perhaps it is as illusory as Cowen's morality ? The loan market is closed implies Cowen, yet in CP USD 200bn is being done per day…. that is still the highest ever:

http://www.federalreserve.gov/releases/cp/volumestats.htm#MKTMKT.

Move along…. no illiquidity here.

So where is the elusive illiquidity? Perhaps it is as illusory as Cowen’s morality ?

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