When Al Gore was Vice President, his team had an idea for deregulating a significant portion of the telecommunications industry.

Let's keep reading what the fed is saying.

I'll prescribe some prednisone.

The supply demand balance is relaxing.

The white dots are comparisons, nothing changed.

I come to you with a modest proposal for easing the financial burden.

So here you've got your answer.

So this right over here, that is

So in order to fix that credit easing, in Bernanke's sense, would be to go out and buy this type of asset.

But what the federal reserve is saying, in traditional quantitative easing, all the central bank cares about is printing this money and getting it out there into circulation, and they don't really care what they're using this money for.

And he's saying, Our approach, which could be described as

We made it easy I'll tell you how in a moment.

That's normally what the fed is concerned about.

Let's keep reading

It turns out that new media isn't necessarily helping us all that much.

Well let's say, 2005, in our imaginary universe was the peak of the credit cycle.

Its the pressure in the blood that is actually causing the vessels to balloon out.

Well, if that's the problem, then that's much easier.

Now, I believe that one really amazing thing will happen if you do this.

Notes outstanding is the other side of the balance sheet.

So if I understood the chemistry of trustworthiness,

Indeed, although the bank of Japan's policy approach during the quantitative easing period was quite multifaceted, the overall stance of its policy was gauged primarily in terms of its target for bank reserves.

They're splitting the cost of installing these green roofs with home and building owners.

'credit easing' resembles quantitative easing in one respect.

Crossing out parts of the rules like this is called generating a relaxed problem.

That has very unfortunate Orwellian implications for some sort of surveillance state.

Frictions between Japan and the U.S. are easing up for a change.

Credit relaxation is considered necessary to shore up business.

Give yourself a bit of slack.

Give us a bit of slack.

So the blue dots are selected randomly.

And so we allowed multinationals into India.

So, just to parse the statement, when he says, credit easing resembles quantitative easing in one respect it involves an expansion of the central bank's balance sheet.

Now you may have seen in the news recently, they came through with us at the end of last month with a few special exemptions that will allow the Transition to be sold in the same category as SUVs and light trucks.

Sort of like doing dialysis, but for relieving the parasite load.

Every time we went through a recession, from the mid '80s, onwards, the government solution was to make financing easier.

Flexible work arrangements are for men and women.

So if we ignore that negative effect, we make the whole problem strictly easier.

Finally, many of you have asked, why not leave this to other countries or seek solutions short of force?

I can look at them and say, We did everything we possibly, humanly could do, to begin to mitigate this, what I feel is one of the most important and critical moments in our time.

Gas is a little cheaper with self service, now that deregulation is kicking in.

The President's speech was calculated to ease world tensions.

But the great change came, of course, with globalization and deregulation.

What did we just do for you. That's lithium dioxide.

What our method does by computing this thing omega to 1 times xi we find the best solution to the relaxation of those rubber bands.