Fed Chairman Bernanke estimated that QE2 may help create 700,000 jobs...

[Eight]

Quote from Maverickz:

Bernanke is a complete idiot, an utter moron and so is anyone that believes that any part of Keynesian economics will work.

Austrian School of Economics is the way it all really works.
http://mises.org/literature.aspx

Keynesian's idea of "working" and your idea of "working" might be completely different.. if "working" means "ripping off the taxpayer and enriching your friends at the Fed and Goldman Sachs" then Keynesian is the way to go...

 

[S2007S]

Way to go bubble ben bernanke.

Just tell more lies. QE2 going to create 700,000 jobs, hahaha. Its creating nothing but more asset bubbles. This is all foolish talk.

 

[mahadiga]

Engineers, Doctors, Lawyers, CA etc produce stuff and MBAs sell that stuff.

 

[limitdown]

Quote from EMRGLOBAL:

All this cheap money is flowing outa the country to invest in other areas.

He is full of shit.

Ask the 100000 of unemployed MBAs!

100,001



that is what you call a full time trader, you know

 

[nazzdack]

Quote from MoonlightGraham:

Is an MBA now a worthless (or mostly worthless) degree?

Kind of. When the degree had more "prestige" up until 20 years ago, it was more valuable. Nowadays, it's a bogus credential. The MBA needs to be replaced by something called the MBC, Master of Business Creation.

 

[nutmeg]

Quote from nazzdack:

Master of Business Creation.

Harry Reid just created a new job for Schumer, does that count?

 

[William Rennick]

Quote from shortie:

MBAs don't produce sh*t, do they? who needs them anyway? [/QUOTE]

Your finest post Shorty

 

[ralph00]

If The Beard is so sure QEII is going to produce 700,000 jobs, why not double QEII and produce 1.4 million jobs. Hell, why not quadruple QEII and produce 2.8 million jobs. If printing money = creating jobs, why should there ever be unemployment of any sort? This guy is scary.

 

[ASusilovic]

Quote from ralph00:

If The Beard is so sure QEII is going to produce 700,000 jobs, why not double QEII and produce 1.4 million jobs. Hell, why not quadruple QEII and produce 2.8 million jobs. If printing money = creating jobs, why should there ever be unemployment of any sort? This guy is scary.

This would be a new experience for every serious economist : creating jobs through the creation of an inflationary environment.

What would Mr. Spock comment ? =>

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[sprstpd]

Quote from ralph00:

If The Beard is so sure QEII is going to produce 700,000 jobs, why not double QEII and produce 1.4 million jobs. Hell, why not quadruple QEII and produce 2.8 million jobs. If printing money = creating jobs, why should there ever be unemployment of any sort? This guy is scary.

Exactly. Like I've said before, Bernanke is just like Nick Leeson or any other rogue trader. He is dogmatic, doesn't use stops, and for some reason has access to almost unlimited capital. The US's trading account is going to get blown out at some point.