too comical. So you hang your belief on what Bernanke is saying in his own defense? Hilarious.
More "content". But hey, it's not cut and pasted!
too comical. So you hang your belief on what Bernanke is saying in his own defense? Hilarious.
You're quite obsessed with me!
What I've said before (100s of times) is that Greece leaving the EU and returning to the Drachma would be horrible in the short term - lots of pain. In the end (it would take some time to unwind the last 15 years of EU involvement) the Greeks would be back to where they were before. With inflation, tourism, on their own and living life the way they had for hundreds of years before there ever was such a thing as the EU.
The painful time, however, would be gut wrenching. But it's going to happen, regardless of any plans to save it. "What cannot be paid back, won't."
again you faded by deflecting the answer like a prototype snake oil salesman. to say look it up as it is in every basic economic text is because you don't have the answer. the fact that refused to answer me directly is part of your lack of character and your general deceitful nature."Of course there is no difference between real money printing and bond buying by the central bank, in terms of effect.
This is something you are categorically incorrect about. But I am avoiding being bated into a long pointless discussion with those who have already filled their heads with incorrect information and will refuse to avail themselves of the copious correct information that is available to them. If I engage in this kind of discussion, I will be confronted with quotes of Bernanke saying that "essentially" they were "printing", and as I have already said, ad nauseum, it is common for economists to refer to quantitative easing as printing, despite all professional economists understanding the huge difference between actual printing (what Germany, Zimbabwe, and Australia did) and what the U.S. Fed did and what the ECB is doing.) The effect of actual printing and quantitative easing are in fact vastly different. This is a topic covered in every basic text on economics.
By the way. When in a serious forum, the Senate Banking Committee, one of the Senators indicated that the Fed was printing, Bernanke was very quick to correct him. "I'm NOT printing," he said.
We can have a discussion re the merits of the Austrian school versus Keynesian economics, if you like, because that is a matter somewhat of opinion. It seems you subscribe more or less to Austrian School economics, whereas I am most assuredly in favor of Keynesian economics in most situations that confront us today. We can't debate, however, whether the effect of quantitative easing and money printing is the same. That would be like trying to debate whether the sun comes up in the East!
your reference is not fully self explanatory plus your addition of a throwaway line is what it is.
Tic Toc
which part is gut-wrenching? The part where they exit the euro or the part where they get back to being farmers and fuxx goats and overcharge the few tourists that get lost in Greece and the hyper inflation they have lived with for centuries and the coups every once in a while and a total breakdown of infrastructure without the subsidies from Germany & Co that they are hooked on?
Hilarious your childish way of thinking. How does this do Greece any good?
yes, that is precisely what Tsingtao believes. He thinks Greece will be propped up by Russia or China or both and goes about Tourism and all will be fine. Sweet little redneck back-in-the-forest wherever he is from kind of thinking...
gotta do a bit copy/paste myself.
