Is US economic growth over? Faltering innovation confronts the six headwinds

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Robert J Gordon
Northwestern University and CEPR
September 2012

http://www.cepr.org/sites/default/files/policy_insights/PolicyInsight63.pdf

 

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Obama's 1%ers phony bubble economy is coming to an end. Unfortunately QE 4 is coming next along with more govt stimulus spending.

 

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Obama's 1%ers phony bubble economy is coming to an end. Unfortunately QE 4 is coming next along with more govt stimulus spending.

LOL...you don't know jack squat, please state or show how the executive branch has or ever directed FED policy, interest rates or the money supply.

 

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LOL...you don't know jack squat, please state or show how the executive branch has or ever directed FED policy, interest rates or the money supply.

it's simple Obama selected the head of the fed., Janet who is continuing bens 1%ers bubble economy., inflating asset prices along with an inflated stock market. That's was bens goal and Janet is continuing his policies which Obama endorses.

 

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it's simple Obama selected the head of the fed., Janet who is continuing bens 1%ers bubble economy., inflating asset prices along with an inflated stock market. That's was bens goal and Janet is continuing his policies which Obama endorses.

Seriously your so fucking lazy you need to learn to read, from the FAQ on the Federal Reserve Website:

"As the nation?s central bank, the Federal Reserve derives its authority from the U.S. Congress. It is considered an independent central bank because its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government, it does not receive funding appropriated by Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms. However, the Federal Reserve is subject to oversight by Congress, which periodically reviews its activities and can alter its responsibilities by statute. Also, the Federal Reserve must work within the framework of the overall objectives of economic and financial policy established by the government. Therefore, the Federal Reserve can be more accurately described as ?independent within the government."

"The Federal Reserve?s ultimate accountability is to Congress, which at any time can amend the Federal Reserve Act. Legislation requires that the Fed report annually on its activities to the Speaker of the House of Representatives, and twice annually on its plans for monetary policy to the banking committees of Congress. Fed officials also testify before Congress when requested."

"To ensure financial accountability, the financial statements of the Federal Reserve Banks and the Board of Governors are audited annually by an independent outside auditor. In addition, the General Accounting Office, as well as the Board?s Office of Inspector General, can audit Federal Reserve activities."

 

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Seriously your so fucking lazy you need to learn to read, from the FAQ on the Federal Reserve Website:

"As the nation?s central bank, the Federal Reserve derives its authority from the U.S. Congress. It is considered an independent central bank because its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government, it does not receive funding appropriated by Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms. However, the Federal Reserve is subject to oversight by Congress, which periodically reviews its activities and can alter its responsibilities by statute. Also, the Federal Reserve must work within the framework of the overall objectives of economic and financial policy established by the government. Therefore, the Federal Reserve can be more accurately described as ?independent within the government."

"The Federal Reserve?s ultimate accountability is to Congress, which at any time can amend the Federal Reserve Act. Legislation requires that the Fed report annually on its activities to the Speaker of the House of Representatives, and twice annually on its plans for monetary policy to the banking committees of Congress. Fed officials also testify before Congress when requested."

"To ensure financial accountability, the financial statements of the Federal Reserve Banks and the Board of Governors are audited annually by an independent outside auditor. In addition, the General Accounting Office, as well as the Board?s Office of Inspector General, can audit Federal Reserve activities."

LOL you're so gullible. how is it independent when the POTUS appoints the head of the federal reserve? The potus appointed someone who has the same monetary believes as he does. Come on man, get in the real world.

 

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LOL you're so gullible. how is it independent when the POTUS appoints the head of the federal reserve? The potus appointed someone who has the same monetary believes as he does. Come on man, get in the real world.

Do you even know what the word appointment means? Federal judges are all "appointed" to their positions. Based on your seriously flawed "logic" the POTUS can tell each and every one of them how to vote.

You know so little about the FED you don't even know that the minutes to the Federal Open Market Committee (FOMC) is right on the website as are links to policy statements...LOL

http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm

 

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Do you even know what the word appointment means? Federal judges are all "appointed" to their positions. Based on your seriously flawed "logic" the POTUS can tell each and every one of them how to vote.



You know so little about the FED you don't even know that the minutes to the Federal Open Market Committee (FOMC) is right on the website as are links to policy statements...LOL
http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm

geezzz please tell me you're kidding. the potus appoints people that have the same views whether its monetary policy or political beliefs. If you don't believe that you're so far from reality there's not hope.



yea because the fed is so honest. lol i bet you believe every word janet say too, right?

 

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geezzz please tell me you're kidding. the potus appoints people that have the same views whether its monetary policy or political beliefs. If you don't believe that you're so far from reality there's not hope.

yea because the fed is so honest. lol i bet you believe every word janet say too, right?

Really ya think?

I actually read the reports and UNDERSTAND them unlike yourself because you sit around jacking off to Ron Paul videos and you don't actually spend any amount of time reading. That being the case your ability to comprehend anything that is extremely complicated is minimal at best.

So according to you the POTUS and his choice of chairman of the FED have more power then the voice of the $75 trillion dollars in assets held by the shadow banking system.

Wow....

 

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Really ya think?

I actually read the reports and UNDERSTAND them unlike yourself because you sit around jacking off to Ron Paul videos and you don't actually spend any amount of time reading. That being the case your ability to comprehend anything that is extremely complicated is minimal at best.

So according to you the POTUS and his choice of chairman of the FED have more power then the voice of the $75 trillion dollars in assets held by the shadow banking system.

Wow....

good
, glad you agree with me on the phony independence of the fed.