Monday, February 15, 2016

Article Review #7

Moving past Stockman's creative language and strong opinions, the article concerns the economy and how negative interest rates would only worsen the situation. This time he blames Janet Yellen and her belief in Keynesian economy tactics; from my understanding, he also thinks the Fed keeps intervening when riding out the tough times might just be as effect. He makes a point to say that they think its their responsibility to fix each bump that arrives, which isn't the case, and that they are only falsifying and inflating the economy. While Stockman may be correct, his deliver is all wrong; each time he calls someone stupid or blatantly points fingers or even just writes a condescending comment, I lose motivation to keep reading. Although I can see how the article relates to the chapter we read on the Federal Reserve Bank and how they manage to manipulate the currency and interest rates, but how that doesn't mean they have control over all the aspects, especially how people respond to the different factors. He even spoke about the indication of new jobs was false, since they were just a "rebirth" of old jobs. 

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