Monday, August 2, 2010

To The Barricades!

I saw an open letter from economists advocating more fiscal stimulus. Obviously the Republicans and their Blue-Dog Demo allies make this a lost cause. What about an open letter to Bernanke asking the Fed to take its collective Head out of Its A**? A March on the Fed?

As Krugman notes in his column today, people who don't give damn about the unemployed are making noise about an increase in the natural rate as an excuse for inaction.

RAISE THE TARGET INFLATION RATE
MORE -OR AT LEAST NO LESS - QUANTITATIVE EASING
OBEY THE HUMPHREY-HAWKINS LAW: PUT PEOPLE BACK TO WORK

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