Good, maybe you'll leave the thread and go back under your rock?
I think it was Piezoe that said that about the BoJ. It wasn't me.
The Fed has no choice but to raise interest rates and crush the market
- Thread starter Max E.
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Good, maybe you'll leave the thread and go back under your rock?
I think it was Piezoe that said that about the BoJ. It wasn't me.
A quote from the acting-man blog which I like:
"Paper money, inflation, and debt all are ingredients of a political project that benefits only certain strata of society, “political entrepreneurs” as Hülsmann calls them, at the expense of individual liberties and independence. These political entrepreneurs have every reason to be afraid of deflation. Deflation would strip them of many of the benefits they have reaped at the expense of the rest of society.
Deflation would liberate us, as it would redistribute wealth by modifying the structure of ownership, thereby restoring distributive justice. The drop in prices and the quantity of money would reinstate the true value of currency and consequently the true wealth of states and persons. Deflation would put an end to the individual’s dependency on debt structures and promote a focus on enhancing production. Wealth is not determined by the quantity of money, but by factors such as productivity and innovation."
"Paper money, inflation, and debt all are ingredients of a political project that benefits only certain strata of society, “political entrepreneurs” as Hülsmann calls them, at the expense of individual liberties and independence. These political entrepreneurs have every reason to be afraid of deflation. Deflation would strip them of many of the benefits they have reaped at the expense of the rest of society.
Deflation would liberate us, as it would redistribute wealth by modifying the structure of ownership, thereby restoring distributive justice. The drop in prices and the quantity of money would reinstate the true value of currency and consequently the true wealth of states and persons. Deflation would put an end to the individual’s dependency on debt structures and promote a focus on enhancing production. Wealth is not determined by the quantity of money, but by factors such as productivity and innovation."
this is the biggest crap I have ever heard. Tinfoil hat alarm bells ringing...
Viena School and his specialization in the "relationship between economics and religion" tells you everything. Holy crap, where did I get myself into, sorry guys, I bow out of this discussion, I prefer to remain firmly attached to reality.
Viena School and his specialization in the "relationship between economics and religion" tells you everything. Holy crap, where did I get myself into, sorry guys, I bow out of this discussion, I prefer to remain firmly attached to reality.
You say this all the time "I'm leaving" "had enough" "you're on ignore" "good night!" but you continue to post.
Be gone already.
Ok, so we've found someone else on here who thinks the bigshots should be able to leverage their book into the billions, and then when the mkt cracks, the gov't should bail it out because their buddies would lose money and it would cause the dreaded deflation.
Good riddance to you, pal.
You are awfully concerned about me and my whereabouts. You also seem to awfully often stick your dirty nose into Europeans' business, I wonder, are you bored or something?
But yeah I did not notice that academicians are theorizing about different world orders in this thread. You are in perfect company TsingDao.
But yeah I did not notice that academicians are theorizing about different world orders in this thread. You are in perfect company TsingDao.
Aaaand you're back again.
I don't really care where you go. It was you who followed me to this thread. Just keep your word for once and run off.
We've gone from a society where innovation and production was rewarded, to a society where whoever has the biggest carry trade and carried interest becoming the richest people in society. Hedge funders are the richest people. I have not problem with them getting rich. I just don't like the fed helping them do it and bailing them out when they're wrong.