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	<title>Rebel Yid - Ideas beyond the left/right, red/blue, and liberal/conservative thinking &#187; Fed</title>
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	<description>Beyond left and right.</description>
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		<title>Is This Cycle Different?</title>
		<link>http://www.rebelyid.com/2011/05/is-this-cycle-different/</link>
		<comments>http://www.rebelyid.com/2011/05/is-this-cycle-different/#comments</comments>
		<pubDate>Fri, 06 May 2011 14:08:20 +0000</pubDate>
		<dc:creator>Henry Oliner</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Fed]]></category>
		<category><![CDATA[Unemployment]]></category>

		<guid isPermaLink="false">http://www.rebelyid.com/?p=5967</guid>
		<description><![CDATA[
For over a year economists I respect claimed this economy has hit bottom and is slowly recovering.  Yet long after the bottom is in we see unemployment anemic and even increasing.  While a recovery in employment does lag the economic recovery there are some differences in this cycle that should be recognized.

 Higher minimum wages [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Understanding the Meltdown</title>
		<link>http://www.rebelyid.com/2010/03/understanding-the-meltdown/</link>
		<comments>http://www.rebelyid.com/2010/03/understanding-the-meltdown/#comments</comments>
		<pubDate>Wed, 03 Mar 2010 02:19:39 +0000</pubDate>
		<dc:creator>Henry Oliner</dc:creator>
				<category><![CDATA[Obama]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[After the Fall]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[Andrew Ross Sorkin]]></category>
		<category><![CDATA[Barney Frank]]></category>
		<category><![CDATA[Bear Sterns]]></category>
		<category><![CDATA[British]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Fed]]></category>
		<category><![CDATA[Geitner]]></category>
		<category><![CDATA[George Bush]]></category>
		<category><![CDATA[Greenspan]]></category>
		<category><![CDATA[Hank Paulson]]></category>
		<category><![CDATA[History]]></category>
		<category><![CDATA[johan Norberg]]></category>
		<category><![CDATA[Lehman]]></category>
		<category><![CDATA[market]]></category>
		<category><![CDATA[Merrill Lynch]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Thomas Sowell]]></category>
		<category><![CDATA[Too Big to Fail]]></category>
		<category><![CDATA[Wachovia]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://rebelyid.goroundhost.com/?p=2630</guid>
		<description><![CDATA[(this was published previously in the Macon Telegraph)
Being in the middle of a record economic crisis presents a rare learning opportunity.  Several books are worthwhile for those seeking to understand what just happened.
Too Big to Fail by Andrew Ross Sorkin details the action of the Fed under Benanke and Treasury under Paulson during the crisis [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The True Supporters of Capitalism</title>
		<link>http://www.rebelyid.com/2010/02/the-true-supporters-of-capitalism/</link>
		<comments>http://www.rebelyid.com/2010/02/the-true-supporters-of-capitalism/#comments</comments>
		<pubDate>Fri, 05 Feb 2010 09:00:43 +0000</pubDate>
		<dc:creator>Henry Oliner</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[After the Fall]]></category>
		<category><![CDATA[Fed]]></category>
		<category><![CDATA[free markets]]></category>
		<category><![CDATA[Nicole Gelinas]]></category>
		<category><![CDATA[William Poole]]></category>

		<guid isPermaLink="false">http://rebelyid.goroundhost.com/?p=2850</guid>
		<description><![CDATA[
&#8220;Despite elite concerns of a public backlash against capitalism, it has been the public, not Wall Street or Washington, that has supported capitalism all along.  Financiers were disconcertingly quick to run straight into the governments arms, while the public has stuck up for markets and fought against taxpayer subsidy of failure. The hope for free [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>The Other Side of the Microphone</title>
		<link>http://www.rebelyid.com/2010/01/the-other-side-of-the-microphone/</link>
		<comments>http://www.rebelyid.com/2010/01/the-other-side-of-the-microphone/#comments</comments>
		<pubDate>Mon, 25 Jan 2010 10:49:49 +0000</pubDate>
		<dc:creator>Henry Oliner</dc:creator>
				<category><![CDATA[Foreign policy]]></category>
		<category><![CDATA[Israel]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Clinton]]></category>
		<category><![CDATA[Congress]]></category>
		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[FDIC]]></category>
		<category><![CDATA[Fed]]></category>
		<category><![CDATA[Frank Raines]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://rebelyid.goroundhost.com/?p=2788</guid>
		<description><![CDATA[
Wall Street&#8217;s financial leaders have been paraded before Congress to explain their efforts to restore stability to our financial system. Obama has turned on the populist spigot to demonize Wall Street to justify bigger taxes and fees and hip shot regulation.
Wall Street deserves the scrutiny and reform is needed.  Yet this fiasco was as much [...]]]></description>
		<wfw:commentRss>http://www.rebelyid.com/2010/01/the-other-side-of-the-microphone/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Magical Fed</title>
		<link>http://www.rebelyid.com/2010/01/the-magical-fed/</link>
		<comments>http://www.rebelyid.com/2010/01/the-magical-fed/#comments</comments>
		<pubDate>Sun, 17 Jan 2010 10:58:07 +0000</pubDate>
		<dc:creator>Henry Oliner</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Cap and Trade]]></category>
		<category><![CDATA[deficit]]></category>
		<category><![CDATA[Fed]]></category>
		<category><![CDATA[healthcare]]></category>
		<category><![CDATA[Uniion Card Check Bill]]></category>

		<guid isPermaLink="false">http://rebelyid.goroundhost.com/?p=2725</guid>
		<description><![CDATA[
The poor business environment is driving down wages and costs, but inflation looms because of the government&#8217;s record deficit.  Record low interest rates are not having the desired effect because the recession is more due to political policies than economic. Business owners are not hiring and growing despite low interest rates because pending legislation such [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>How Responsible Was The Fed?</title>
		<link>http://www.rebelyid.com/2010/01/how-responsible-was-the-fed/</link>
		<comments>http://www.rebelyid.com/2010/01/how-responsible-was-the-fed/#comments</comments>
		<pubDate>Mon, 11 Jan 2010 10:15:46 +0000</pubDate>
		<dc:creator>Henry Oliner</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[Fed]]></category>
		<category><![CDATA[mistake]]></category>
		<category><![CDATA[Taylor Rule]]></category>
		<category><![CDATA[Wall Street Journal]]></category>

		<guid isPermaLink="false">http://rebelyid.goroundhost.com/?p=2677</guid>
		<description><![CDATA[
Also note in the Wall Street Journal The Fed and the Crisis: a Reply to Ben Bernanke
If one can not take responsibility for a mistake, one risks repeating it.
]]></description>
		<wfw:commentRss>http://www.rebelyid.com/2010/01/how-responsible-was-the-fed/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The New Ruling Class</title>
		<link>http://www.rebelyid.com/2009/12/the-new-ruling-class/</link>
		<comments>http://www.rebelyid.com/2009/12/the-new-ruling-class/#comments</comments>
		<pubDate>Sat, 19 Dec 2009 09:00:16 +0000</pubDate>
		<dc:creator>Henry Oliner</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Al Gore]]></category>
		<category><![CDATA[Bill Clinton]]></category>
		<category><![CDATA[Fed]]></category>
		<category><![CDATA[Sam Nunn]]></category>
		<category><![CDATA[Tom Dascle]]></category>
		<category><![CDATA[treasury]]></category>
		<category><![CDATA[Unemployment]]></category>

		<guid isPermaLink="false">http://rebelyid.goroundhost.com/?p=2517</guid>
		<description><![CDATA[Recent postings on the growing spread between private sector and government sector employment elicited some protest, many who claimed that most government workers could make more in the private sector.
This is true for some. Many of the people who work in top positions for the Treasury or the Fed could make more in private employment. [...]]]></description>
		<wfw:commentRss>http://www.rebelyid.com/2009/12/the-new-ruling-class/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Supervising the Punch Bowl</title>
		<link>http://www.rebelyid.com/2009/09/supervising-the-punch-bowl/</link>
		<comments>http://www.rebelyid.com/2009/09/supervising-the-punch-bowl/#comments</comments>
		<pubDate>Wed, 09 Sep 2009 09:00:34 +0000</pubDate>
		<dc:creator>Henry Oliner</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[boom]]></category>
		<category><![CDATA[Fed]]></category>
		<category><![CDATA[money]]></category>

		<guid isPermaLink="false">http://rebelyid.goroundhost.com/?p=1607</guid>
		<description><![CDATA[George Copper writes in &#8220;The Origin of Financial Crisis&#8221; that our economic thinking is regimented for failure in a world that is more influenced by the bubbles in financial assets.
The efficient market hypothesis contends that prices find their natural levels from the normal forces of supply and demand. This is true, Cooper contends, for market [...]]]></description>
		<wfw:commentRss>http://www.rebelyid.com/2009/09/supervising-the-punch-bowl/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Can We Eliminate Bubbles?</title>
		<link>http://www.rebelyid.com/2009/08/can-we-eliminate-bubbles/</link>
		<comments>http://www.rebelyid.com/2009/08/can-we-eliminate-bubbles/#comments</comments>
		<pubDate>Sun, 23 Aug 2009 09:00:39 +0000</pubDate>
		<dc:creator>Henry Oliner</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[History]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[bubbles]]></category>
		<category><![CDATA[Fed]]></category>
		<category><![CDATA[Greenspan]]></category>

		<guid isPermaLink="false">http://rebelyid.goroundhost.com/?p=1603</guid>
		<description><![CDATA[Obama has posed this question and seems to think we can.  William Dudley the new president of the New York Federal Reserve thinks they can and should act to identify and prevent asset- price bubbles.  I remain very skeptical.
The Federal Reserve was formed in1913 to bring stability to the financial system.  Yet in its first [...]]]></description>
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		<slash:comments>0</slash:comments>
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