Lindsay Lohan has plenty in common with the right. Rich despite minimal talent but still steals stuff. Cameron is well along her path to notoriety, his policies look like they were created by a substance abuser and he’s got George Osborne every time he wants to show a neatly shaved c***.

@1

Hilarious comment.

For people who think CBs are creating inflation, I urge you to read these:

http://www.debtdeflation.com/blogs/2011/06/11/dude-where%E2%80%99s-my-recovery/

http://www.debtdeflation.com/blogs/2009/01/31/therovingcavaliersofcredit/

Be more wrong about the economy, libertarians.

Their economic illiteracy knows no limits. Assuming they still hero worship the left wing radical Milton Friedman and have not moved completely to the realms of crankery.

Friedman on what Japan should have been doing in 2000.

” David Laidler: Many commentators are claiming that, in Japan, with short interest rates essentially at zero, monetary policy is as expansionary as it can get, but has had no stimulative effect on the economy. Do you have a view on this issue?

Milton Friedman: Yes, indeed. As far as Japan is concerned, the situation is very clear. And it’s a good example. I’m glad you brought it up, because it shows how unreliable interest rates can be as an indicator of appropriate monetary policy. ”

” Monetary growth has been too low. Now, the Bank of Japan’s argument is, “Oh well, we’ve got the interest rate down to zero; what more can we do?”

It’s very simple. They can buy long-term government securities, and they can keep buying them and providing high-powered money until the high powered money starts getting the economy in an expansion. What Japan needs is a more expansive domestic monetary policy.

The Japanese bank has supposedly had, until very recently, a zero interest rate policy. Yet that zero interest rate policy was evidence of an extremely tight monetary policy. Essentially, you had deflation. The real interest rate was positive; it was not negative. What you needed in Japan was more liquidity. ”

QE is pure monetarism. Paul Staines and Fraser Nelson vs Milton Friedman. As someone once said you could not make it up.

http://delong.typepad.com/sdj/2010/11/milton-friedman-suppors-ben-bernanke-on-qe.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+BradDelongsSemi-dailyJournal+%28Brad+DeLong

As Scott Sumner says, Hayek would have agreed because QE stabilises nominal income and nominal income falling is always bad.
http://www.themoneyillusion.com/?p=7971

The British Chambers of Commerce another bunch of left wingers.
http://www.scotsman.com/economics/Start-printing-money-again-business.6703435.jp

QE is not ideal and targeting NGDP growth is better. However, it does not do what those two think it does. Scott Sumner had a paper published on targeting NGDP growth on that other bastion of lefties the Adam Smith Institute. Possibly all the aforementioned are too lefty for our intrepid pair.

This is the British Chambers of Commerce link.
http://business.scotsman.com/business/King-urged-to-print-more.6794891.jp

Lindsay Lohan is a professional muppet, I doubt very much wether she has a political or economic opinion of her own. Bearing in mind her problems with drugs and alcohol, plus the state of her mental health, is this possibly a case of a vulnerable person being exploited for political gain? Then again, if you’re dumb enough to look to a fucked-up junkie for guidance on heavywieght issues such as the economy, you probably need some professional help yourself. As for this NIA group, they seem to be just another bunch trying to promote their own agenda, by any means. Nothing new there.