{"id":11243,"date":"2015-08-19T20:03:12","date_gmt":"2015-08-20T01:03:12","guid":{"rendered":"http:\/\/olduvai.ca\/?p=11243"},"modified":"2015-08-19T20:03:12","modified_gmt":"2015-08-20T01:03:12","slug":"an-almost-perfect-predictor-of-gdp-growth-and-bernie-lays-the-boots","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=11243","title":{"rendered":"An Almost Perfect Predictor of GDP Growth and Bernie Lays the Boots\u2026"},"content":{"rendered":"<header class=\"entry-header\">\n<h3 class=\"entry-title\"><a href=\"http:\/\/www.firstrebuttal.com\/an-almost-perfect-predictor-of-gdp-growth-and-bernie-lays-the-boots\/\" target=\"_blank\">An Almost Perfect Predictor of GDP Growth and Bernie Lays the Boots\u2026<\/a><\/h3>\n<\/header>\n<div class=\"entry-content\">\n<p>I recently watched a video clip of Bernie Sanders laying the boots to Alan Greenspan back in 2003, for Greenspan\u2019s\u00a0seemingly out of\u00a0touch perspective of\u00a0the average American. \u00a0Now while we do have a repentant banker in Greenspan, a rare phenomenon for sure, I found the scolding interesting in that essentially every accusation Sanders lays on Greenspan could be repeated\u00a0today to our subsequent central banking gods. \u00a0During the video notice that all the figures\u00a0Sanders explicates not only remain\u00a0true today but have gotten far worse. \u00a0Particularly note the national debt figure which has now increased by more than 400% since then!!! \u00a0The clip is well worth the 5 minutes.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/WJaW32ZTyKE\" width=\"420\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>But so let\u2019s dig in a little to what Bernie is really saying to Greenspan. \u00a0The overall theme of the trouncing is that the Federal Reserve, the keeper of American monetary policy, had implemented\u00a0policies that clearly had done\u00a0significant damage to the vast majority of Americans. \u00a0Specifically Sanders is suggesting that the policies were a cancer to the economic prosperity of Americans and all the while creating extreme wealth for a select few. \u00a0And while that is bad in and of itself, what Sanders finds despicable is that the Fed seems to not only deny the harm they were\u00a0responsible for but Greenspan seemed to be alleging success by focusing solely on the massive wealth it had provided to the very few on top.<\/p>\n<div><span class=\"Apple-style-span\">Now in a recent\u00a0<a href=\"https:\/\/research.stlouisfed.org\/wp\/2015\/2015-015.pdf\" target=\"_blank\">whitepaper by Stephen Williams, VP of the St. Loius Fed<\/a>, a case is made that the Fed\u2019s \u2018recovery\u2019 policies have not helped to boost the economy. \u00a0And while I agree with that conclusion, I feel the paper is a fraud. \u00a0<\/span><\/div>\n<\/div>\n<div>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<div class=\"entry-content\"><\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An Almost Perfect Predictor of GDP Growth and Bernie Lays the Boots\u2026 I recently watched a video clip of Bernie Sanders laying the boots to Alan Greenspan back in 2003, for Greenspan\u2019s\u00a0seemingly out of\u00a0touch perspective of\u00a0the average American. \u00a0Now while we do have a repentant banker in Greenspan, a rare phenomenon for sure, I found [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[952,5434,122,303,305,8282,534],"class_list":["post-11243","post","type-post","status-publish","format-standard","hentry","category-economics","tag-alan-greenspan","tag-bernie-sanders","tag-central-bank","tag-fed","tag-federal-reserve","tag-first-rebuttal-blog","tag-monetary-policy"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11243"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11243\/revisions"}],"predecessor-version":[{"id":11244,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11243\/revisions\/11244"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}