A Snarky But Accurate Description Of Monetary

I've Always Believed That A Speculative Bubble Need Not Lead To A Recession, As Long As Interest Rates Are Cut Quickly Enough To Stimulate Alternative Investments. But I Had To Face The Fact That Speculative Bubbles Usually Are Followed By Recessions. My Excuse Has Been That This Was Because The Policy Makers Moved Too Slowly - That Central Banks Were Typically Too Slow To Cut Interest Rates In The Face Of A Burst Bubble, Giving The Downturn Time To Build Up A Lot Of Momentum.

Wealthy Individuals Bought Themselves A Radical Right Party, Believing - Correctly - That It Would Cut Their Taxes And Remove Regulations, But Failed To Realize That Eventually The Craziness Would Take On A Life Of Its Own, And That The Monster They Created Would Turn On Its Creators As Well As The Little People.

I Believe In A Relatively Equal Society, Supported By Institutions That Limit Extremes Of Wealth And Poverty. I Believe In Democracy, Civil Liberties, And The Rule Of Law. That Makes Me A Liberal, And I’m Proud Of It.

I Don't Want A Job In The Administration; I Think I'm More Effective Carping From The Sidelines.

By Rescuing The Financial System Without Reforming It, Washington Has Done Nothing To Protect Us From A New Crisis, And, In Fact, Has Made Another Crisis More Likely.