An interesting gambit

I'm no economist, but neither am I a Democrat   an interesting gambit

“ For simplicity, let’s assume that the Fed’s policy instrument (now that the federal funds rate is stuck near zero) is the 10-year Treasury note. As an example, suppose the yield is 4%. In that case, it’s all but certain that the Fed, if it chooses, can do something to stimulate the economy and raise the inflation rate. For example, suppose the Fed were to bid the 10-year note yield down from 4% to 1%. It would take out a whole slew of marginal noteholders in the process. Banks that had been satisfied with a 4% return would be unsatisfied with a 1% return and would lend more aggressively. Domestic investors that had been satisfied with a 4% return would be unsatisfied with 1% and would bite the bullet and buy stocks. International investors would be unsatisfied and would shift their investments into foreign assets, thus weakening the dollar and making US products more competitive. Households would refinance their mortgages and spend some portion of the increased cash flow. Others who previously couldn’t afford houses could now afford them, so demand for houses and home furnishings would go up. And so on. With such a huge policy action, it’s virtually certain that business activity would accelerate enough to reverse any deflationary pressure. Andy Harless ” What?  You don't like the positive approach?  Try Cuzzin Ricky's scenarios. What's that?  Nuh-uh, While immensely satisfying, the wholesale lynching of the Administration is illegal.  But, looky here.  John Bolton Suggests He Could Consider 2012 Presidential Bid.  He does foreign, Sarah does domestic.  Oh my.