Gas I gasped

[Dean May]

I don't think its ignorance. Bernanke used to advocate a Gold standard. I
think it's more political expediency. It probably isn't self conscious
malevolence, but for us the end result is the same. 

Dean

Dean May             cell 812.239.3359 

PianoRebuilders.com   812.235.5272 

Terre Haute IN  47802

 


-----Original Message-----
From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf
Of Porritt, David
Sent: Thursday, May 15, 2008 2:24 PM
To: Pianotech List
Subject: RE: Gas I gasped

Steve:

If you've gone from economist to piano technician you've operated in
parallel fields.  If you get 5 piano technicians to address a problem
you'll find 10 different "right" solutions and I think it would be the
same with economists.  If Bernanke is headed in the wrong direction do
you think it's ignorance of the right solution or malevolence?

dp

David M. Porritt, RPT
dporritt at smu.edu


-----Original Message-----
From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On
Behalf Of Steve Brooks
Sent: Thursday, May 15, 2008 12:01 PM
To: pianotech at ptg.org
Subject: RE: Gas I gasped

Hi Dean,

Your gentle rib about economists, sadly, is spot on. Even more amazing
is to see a politician who understands the Fed. Dr. Paul has spent most
of his career arguing with politicians; I spent much of mine arguing
with economists. Since we make similar arguments, the Texas Congressman
and I are natural allies.

The video you point to (and I think there is an earlier one by the same
group)probably has done more for Glenn Hubbard's name recognition than
all the scholarly papers he has published. His publications don't
circulate on YouTube.

The funniest comment I've heard all week was the contributor on this
list who suggested that we save on gas by having piano owners drop off
their pianos and pick them up again after they are tuned. Now that's the
kind of idea that would get serious play in Washington.

Steve

-- 
"The whole aim of practical politics is to keep the populace alarmed
(and hence clamorous to be led to safety) by menacing it with an endless
series of hobgoblins, all of them imaginary." -- H.L. Mencken


Wow, you're an economist and you understand the destructive policies of
the
Fed! A rare combination.  ;-)  I presume you voted for Ron Paul? 

Speaking of the Fed and Bernanke, here is a hilarious video spoofing
Dean
Hubbard of Columbia University who got passed over for the Fed
chairmanship
http://www.youtube.com/watch?v=3u2qRXb4xCU

The student portraying Hubbard even looks something like him.


Dean

Dean May             cell 812.239.3359 

PianoRebuilders.com   812.235.5272 

Terre Haute IN  47802