Government: Good or Bad?

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I believe the only goals of monetary policy should be price stability with an implicit nominal anchor of 2-3% targeted inflation, and ensuring the stability of the financial system.

It's nice to see a right winger come out in full support of the bank bailouts, auto bailouts, QE1, QE2, Glass Steagal, and the consumer protection bureau.

I was getting so sick of that Grover Norquist's "drown the government in a bathtub" garbage.

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There is a reason why most politicians/bureaucrats did not get their start in business (i.e., the private sector), so keep that in mind the next time somebody suggests giving them control over more and more resources (whether it is Newt Gingrich speaking on behalf of colonizing the moon and putting mirrors into outer space, or Bernie Sanders calling for the nationalization of something or other).

And there is a reason we never have had a highly successful business man also become a great president... particularly where financial matters are concerned.