Does Bernanke Have an Exit Strategy? | Robert P. Murphy

[@NicosMind]

That wasnt as complicated as i thought it would be. And at the same time i thought it was another, plain English, impossible to argue with, speech from Mises. Bravo

[@panpiper]

I just watched this twice, and then I favorited it. I intend to review it yet some more. This is an 'extremely' lucid description of our current crisis, perhaps the most lucid description I have ever heard.

[@b5thomas7]

incredible speech. I've read 15-20 books about this stuff and haven't heard about some of these issues.

[@NickF1227]

Looking more and more like you are right dr murphy

[@kjakobsen]

That Timothy Geithner joke was amazing, i'm all in tears. :)

[@OttoVonKonrad]

This man is GOOD!

[@fabieuxhabieux]

“The process by which money is created is so simple that the mind is repelled.” ― John Kenneth Galbraith

[@lind048]

I can see Krugman shaking his head screaming "You're Wrong" but you are so right.

[@underdg22]

This is a dumb question, but does anyone know if the printing presses at the Treasury actually print longer or faster during periods where the fed is expanding the money supply or do the machines run at a steady rate for given hours?

[@Leoninmiami]

@jaffijoe agreed, but in such a case (hyper inflation) we would be in a "last resort" scenario! I understand that raising the reserve requirement would be opposite of quantitative easing. But in such a case, Wouldn't that be the "last resort" option? Would it work?

[@enotdetcelfer]

It's bad when he says its going to get a bit complicated and my brain starts drooling XP

[@noodles818]

he did a great job here, also keep in mind we are all working with the facts the FED has given, Im sure this is the tip of the FED iceberg.

[@Leoninmiami]

this is a real question ... if high inflation begins to happen, Couldn't the FED just raise the reserve requirement? Wouldn't that be better than paying them money exponentially not to lend it out?

[@panpiper]

I think it's a great question, and I hope a real Austrian economist will answer your question as opposed to myself who is merely a dabbler. I expect the problem is that in Aug. 2008, the banks had 45 billion on deposit in a 10% reserve. So a 100% reserve would require 450 billion. Thing is Aug. 2009, they had 829 billion on deposit and we are still screwed. Fractional reserve is a bad thing, but it is not the worst thing. The worst is the Fed and the notion of economic command control.

[@wmd44110]

Eleven years later... His exit strategy was to pass it on to someone else.

[@ourmanthejoker]

tim joke 20:25 brilliant

[@zeo285]

haha, the Geithner joke was pretty good

[@linkin622]

very informative...end result is painfully obvious , the powers that be have created a massive house of cards its just a matter now of when it will fall....and fall it most surely will

[@b5thomas7]

hope the Krugman debate happens

[@pretorious700]

Unfettered fractional reserve is a very very bad thing. The investment banks could leverage up to infinite expansion in theory...that's a recipe for disaster.

[@GuildWarsMaude]

Is that George from Seinfeld?

[@mersk100]

No tapper

[@Loyal2Liberty]

@Nickelodeon2002 Well said!

[@rickharlow30309]

Bernanke still has no strategy. Doesn't matter, his ass is gone. Hopefully he will start the "right thing" on the way out to help the next chief.

[@ourmanthejoker]

Good talk, but just one thing; Your tie has to contrast man. You can't go white on white. Talk about a wife fail, she shouldn't have let you out of the door.

[@LibertyJedi]

This guy is talking crazy!!!!!!!!!!! He saying the bank doesn't have my money! WTF!!!!!!!!!!!! Why would the root of all evil do that???? I know I know I'm just having FUN!!!!!!!! Get it, I wouldn't trust Bernanke to watch my kids let alone to hold my coin:-)

[@Paetaor]

Still none 4 years later.