When you print money, it's going to inflate some asset price. Maybe we'll revert to the late 1990s and buy stocks with it.
More Quotes from Paul Kasriel:
I think there are some members who would prefer that the funds rate be at 3 percent, but I suspect there is a little concern about moving too fast and upsetting the household sector.Paul Kasriel
The only reason they won't cut is because Alan Greenspan suggested he wasn't yet in the mood to cut, ... He's probably a Cubs fan as well -- they always say, 'Wait 'til next year.' In this case, Greenspan says, 'Wait 'til the second half.'
Paul Kasriel
This reflects the low interest rates we saw earlier in the summer. While I wouldn't say that a major contraction is imminent yet, I suspect this is close to being the last hurrah.
Paul Kasriel
If people start losing their jobs, ... it's going to be hard for them to keep current on all that debt.
Paul Kasriel
A recession is in the eye of the beholder, and the eye of the NBER, but clearly we're struggling here. We're at stall speed and it's not clear what, in the short term, is going to get the economy's nose up.
Paul Kasriel
For the Bush administration, Hubbard is a good soldier, he's out there being a cheerleader and the Fed says everything's OK. But you can't see their hands behind their backs, with their fingers crossed.
Paul Kasriel
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Based on Topics: Money & Wealth QuotesBased on Keywords: inflate
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