The myth of QE "debasing the dollar and stealing savings"

[Spike Trader]

Quote from PHOENIX TRADING:

Only a moron would think govt can print it's way to wealth.

Especially now that currency is mostly electronic ink& paper.

You can if you print and lend it with interest to 3rd world countries.

 

[Lucrum]

Quote from Spike Trader:

Not if you print and lend it with interest to 3rd world countries.

Just like PT said, only a moron...

 

[Tsing Tao]

Quote from Spike Trader:

You can if you print and lend it with interest to 3rd world countries.

So how does that work when we're the one's being lent and having to pay interest again?

 

[Tsing Tao]

Quote from wildchild:

If quantitative easing was such a great thing way are we on our third go round?


Guess what folks, after QE3 fails, we will get QE4 and the same lies will be repeated.


I have a better idea for economic growth. How about when someone works hard and is successful we don't attack them and claim they are the problem? It just might work, it certainly hasnt been tried yet.

The typical idiot Keynsian (and therefore Ricter) response will be "because it wasn't big enough".

 

[jem]

Quote from Spike Trader:

You can if you print and lend it with interest to 3rd world countries.

how does that work.
please go all the way through the cycle.

More govt money now... chasing the same goods? yes?

also note. what happens when the third parties stop buying and you buy it back yourself at the auction.
Does that not debase instantly.

 

[jem]

finally the problem with recessions is not necessarily slack demand which needs to be stimulated, proper demand may still be there... it is possible that supply got out of hand through a mis allocation of resources... typically caused by cheap money, govt or the Fed.

We still have plenty of workers who would be happy to make six figures selling 5 percent seconds to people who will borrow as much money as they can for a house in CA.

The issue would be whether the govt should be supporting such an industry.

 

[PHOENIX TRADING]

Quote from tradingjournals:

In a depression, the value of the dollar should rise! So the savers were punished, because otherwise their saved dollars could have bought a lot more.

Guess why fdr confiscated gold?, numb nuts .

 

[PHOENIX TRADING]

Quote from Spike Trader:

You can if you print and lend it with interest to 3rd world countries.

Do you ever get tired of being smacked around like a handball at a tournament?
or
Are you secretly on a mission to make biden look less retarded.

 

[denner]

Quote from Tsing Tao:

The typical idiot Keynsian (and therefore Ricter) response will be "because it wasn't big enough".

He can't make an argument without cutting and pasting Krugman articles. (And Krugman is nothing more than a partisan hack economist, as we all know).

 

[denner]

Quote from jem:

how does that work.
please go all the way through the cycle.

More govt money now... chasing the same goods? yes?

also note. what happens when the third parties stop buying and you buy it back yourself at the auction.
Does that not debase instantly.

Spike is a muppet, it's all WAY over his head.