Free Trade is managed by the invisible hand.
HoffmanJohn
Jr. Member
Posts: 1,951
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« on: May 15, 2010, 03:22:18 PM » |
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« edited: May 15, 2010, 03:27:38 PM by HoffmanJohn »
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I have read up on the lives of 4 federal reserve chairman, and honestly i have always been puzzled as to why Both Alan Green Span, and bernanke continue to advocate for less government spending. I am puzzled because both of them had some misgivings about the stimulus, and they are deficit hawks even when government should be increasing the deficit and cutting tax's. Thus I wonder if a lower deficit, or balanced budget effects the profit making ability of the federal reserve? Its just a guess though because I know that the Federal Reserve will sometimes make a surplus, and transfer this money to the treasury.
Green Span would consistently say that he would have been supportive of the bush tax cuts if it had a trigger, and the media inaccurately reported this to mean that he actually supported the bush tax cut. Secondly he is a strong believer in the idea that less government debt will reduce the cost of borrowing.
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