Saturday, April 13, 2013

wil there by a volcker moment to give NGDPLP targeting street cred

volcker demonstrated the FED would really strangle credit .really really
unlike Burns-Miller
yup stare at soaring lay offs
and ....keep on throttling

will this BOJ guy do liewise for de facto krugman-Woodford  targeting
ie huge financial repression

back to the flying 40's