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Comments on: Dear Rod Oram http://www.tvhe.co.nz/2009/11/30/dear-rod-oram/ The Visible Hand in Economics Mon, 30 Nov 2009 04:17:26 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2009/11/30/dear-rod-oram/#comment-22092 Mon, 30 Nov 2009 04:17:26 +0000 http://www.tvhe.co.nz/?p=4495#comment-22092 @BK Drinkwater

Of course they are self evident.

1) There was a failure
2) I existed
Therefore
3) I caused the failure
Therefore
4) Policies that change my behaviour in ANY way will improve outcomes

]]> By: BK Drinkwater http://www.tvhe.co.nz/2009/11/30/dear-rod-oram/#comment-22091 Mon, 30 Nov 2009 04:14:20 +0000 http://www.tvhe.co.nz/?p=4495#comment-22091 @Matt: Applying the trusty principle that if you’re not part of the solution, you’re part of the problem, I hold you personally responsible for the “obvious failures” of monetary policy.

I’d clue you in as to what these failures actually are, but that would be getting off-message: I think we’re meant to pretend they’re self-evident.

]]> By: Matt Nolan http://www.tvhe.co.nz/2009/11/30/dear-rod-oram/#comment-22089 Mon, 30 Nov 2009 02:09:18 +0000 http://www.tvhe.co.nz/?p=4495#comment-22089 @Miguel Sanchez

I do have to admit – I enjoy the internet. Does that mean that I’ve destroyed monetary policy?

]]> By: Miguel Sanchez http://www.tvhe.co.nz/2009/11/30/dear-rod-oram/#comment-22088 Mon, 30 Nov 2009 02:08:05 +0000 http://www.tvhe.co.nz/?p=4495#comment-22088 Exactly. The limits of what central banks can and can’t do have been proven time and again in the last 400-odd years, so don’t tell me that Sunday shopping and ‘teh internet’ have turned everything on its head.

]]> By: Matt Nolan http://www.tvhe.co.nz/2009/11/30/dear-rod-oram/#comment-22085 Sun, 29 Nov 2009 23:57:09 +0000 http://www.tvhe.co.nz/?p=4495#comment-22085 @Miguel Sanchez

Very true. I especially love of the random statements coming out about how we “have to do something” because the Reserve Bank Act is 20 years old and other arbitrary things have fallen over.

]]> By: Miguel Sanchez http://www.tvhe.co.nz/2009/11/30/dear-rod-oram/#comment-22084 Sun, 29 Nov 2009 23:39:39 +0000 http://www.tvhe.co.nz/?p=4495#comment-22084 I thought that article was bizarre from the start. So now that monetary policy has become deeply politicised, we can have the ‘real’ debate about it? I don’t think so.

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