U.S. Economy

A phrase used to describe the idea that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once. It describes a scenario where a central bank, such as the Federal Reserve acts to stimulate or slow down an economy. When the first stimulus is made, the effect may not be immediate, which can cause decision makers to increase the magnitude of the change, eventually causing too much stimulus.

 The phrase is attributed to Nobel laureate Milton Friedman, who likened a central bank that acted too forcefully to a fool in the shower. When the fool realizes that the water is too cold, he turns on the hot water. However, the hot water takes a while to arrive, so the fool simply turns the hot water up all the way, eventually scalding himself.

 Any change made to stimulate a broad economy, especially one as large as the
U.S. takes time to work its way through. A move like lowering the fed funds rate takes about six months to fully integrate into the economy. Therefore, economists are always cautious about overreaching and prefer small consistent steps to enact change.

If you like our Site, buy us a beer. (Suggested: $3 a beer or $7.5 for a pitcher)

Officiating Woe’s—Caps vs Flyers Series

The league has a problem. I think they should look into the officiating and how it determined the outcome of this series. The Flyers struggled all series to score 5 on 5. They should check Koharski and Devorski for a Tim Donaghy type situation.

Or maybe, the only way Gary Bettman could make this series appealing to the classless fans of Philadelphia, was to help them out by making ill-advised calls for the Flyers, and not call the obvious one’s for the Caps.

In regards to Game 7, back to back penalties could’ve been called against the Flyers in the 3rd period, where a Caps player was hooked & cross-checked right infront of Mr/Mrs.Koharski-Devorski! If you’re not going to call a penalty the entire 3rd period (obvious one’s), don’t call it in OT. Let them play it out…I guarantee you the Flyers don’t score 5 on 5.

Tom Poti said it best, “It’s hard enough to beat the Flyers and Referee at the same time..”

P.S- Briere and Richards are cry babies. Go Habs!

If you like our Site, buy us a beer. (Suggested: $3 a beer or $7.5 for a pitcher)