I have been doing more media coverage of political economic discussions and I am proud and honored to be a part of Gordon T. Long’s laborious work for the Financial Repression Authority. Much of what is discussed on the podcast has been a constant theme in Notes From Underground and my ubiquitous discussions with Rick Santelli. I would like feedback from readers about setting up such a format in which an interactive video effort would allow the give and take of real-time Q&A. It is a fairly long (43 minutes) so turn down Joe Buck on Fox ‘s World Series coverage and listen to the discussion. Take notes and put forth questions as to further the discussion that makes NOTES worth writing. As a long-time Cubs fan I am enjoying the recent high-level play of the young stars but am saddened for all the Cub fans who have not been able to experience the joy of seeing the CUBS in the world series. Oh well, as the world turns on a dynamic model.
***Mario Draghi was speaking out against critics of the ECB’s QE policy. In a Financial Times article today, Draghi said, “I find it hard to reach the conclusion that, over a longer time frame, the outcome of our policies has been-or will be-to redistribute wealth in an unfair or unequal way. That is certainly not true across countries, and there is not much to suggest it is true within countries either.”
The key phrase of course is OVER A LONGER TIME FRAME. This is the basis of all counterfactual arguments, the concept of time for over an undefined period of time the well-intended policies may actually be deemed a success. As the keeper of the printing press, Draghi has an undefined existence but the politicians have to face angry electorates who evidently see outcomes in a much different time span. Mario Draghi would serve his position better if he was read the polls rather than just his portfolio. There is no doubt that Mario was a Rolling Stones fan for he believes that TIME IS ON MY SIDE.