Good article, written by PAUL KRUGMAN

Oh, and what about Mr. Romney’s ideas for “creating wealth”? The Romney economic “plan” offers no specifics about what he would actually do. The thrust of it, however, is that what America needs is less environmental protection and lower taxes on the wealthy. Surprise!

Indeed, as Mike Konczal of the Roosevelt Institute points out, the Romney plan of 2012 is almost identical — and with the same turns of phrase — to John McCain’s plan in 2008, not to mention the plans laid out by George W. Bush in 2004 and 2006. The situation changes, but the song remains the same.

article: http://www.nytimes.com/2012/09/17/opinion/krugman-hating-on-ben-bernanke.html?_r=0

Krugman, like Obama, is a Nobel Laureate.

Shows what that's worth!

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Both are credible sources.

And they don’t support the 60-year-long repeatidly proven failed policies espoused by one GOP cantidate after another.

The low interest rates inhibit profitable operation of the fnancial community. As far as loaning money out is becoming more and more of an issue for them I think. Add to this the declining value of the returned principal over time and they may even be facing a loss on new loans. Credit should start to retract is a possibility. Tampering with one area of the economy does tend to influence other aspects of it. There is no free ride. If inflation sets in there will be a serious choice to make.

IF inflation sets in? What Bernanke did IS inflation. He is in effect printing more money. More money means it's worth less on the world market. Money worth less is essentially INFLATION!

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"In plain English, the Fed is more or less promising that it won’t start raising interest rates as soon as the economy looks better, that it will hold off until the economy is actually booming and (perhaps) until inflation has gone significantly higher. "

Double digit interest rates for cars and homes and student loans! Halle-frickin-lujah!!!
Just the fix.
Don't let that Genie out of the bottle. Please!

When you tamper with capitalism, and add other stuff to the mix, you cannot be certain that it is Capitalism that is at fault, or the way its been tampered with. i.e. was the "tampering beneficial, or harmful?

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You are right but the decision to control inflation if it is serious and errupts. About the only tool they will have is to forgo the claimed low interest rates into the time ahead.

I estimate the true core inflation in Canada was higher than seven percent in the last year overall. Inflation statistics released by governments generally do not include enough things to get a true picture. It is generally accepted it usually is about twice what the official figure is quoted.

The threat of inflation is a small price to pay for avoiding a second depression.
If the economy gets better and or inflation rises monetary policy will change.
Worst case would be inflation with a slow economy.

Who said we're heading for a depression? And how is inflation an antidote to a recession?

The thing about economics is that it is a sort of technical artform, not a predictive science. Anybody can claim almost anything about cause and effect but absolutely nobody can prove economic causality.

For example: What caused the Great Depression? What brought the United States out of it? Prove it.

2008 depression was a real fear. We have had four years of a monetary policy that is inflationary and no run away inflation.

"And how is inflation an antidote to a recession?" Mostly we were avoiding deflation. Slight inflation encouraged spending..........If you really want to know more there are these wonderful things called books.

I say it was an unreal fear. Prove me wrong.

If you can prove causality in economics I'll give you Krugman's Nobel.

Bennie stars a 40Bn influx per month forever and it will get real nice and sweet globally.

Wakke up, der Schwantz is about to get bit.

Yes, inflation WOULD be preferable IF we weren't faced with a hopeless amount of debt and continue to spend such an OBSCENE amount of BORROWED money. There is a cliff ahead. The only thing that can prevent going over it, is to tighten our belt and STOP this RIDICULOUS spending.

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