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A Response To:Why is the FED purchasing 85 billion per month. QE Explained.

 
Anonymous Coward
User ID: 38638284
United States
09/22/2013 09:20 PM
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Re: A Response To:Why is the FED purchasing 85 billion per month. QE Explained.
I guess you really didn't want to know.
 Quoting: Anonymous Coward 41448563


No its not that.. Its just that your logic makes no sense... Increasing the money supply causes real assets to increase.. Its as though you've never picked up an economics book in your life..
 Quoting: Anonymous Coward 39464638


clappa
 Quoting: Anonymous Coward 39464638


Those would be Keynesian econ books. The basics for that reality don't exist anymore.

Only the rich benefit from that. The poor don't want assets to increase, only the rich do because they own them. Of course they want them to increase. It used to be that inflating the money supply worked, because that would work it's way down into other sectors of the economy.

Trickle down theory doesn't work anymore. If corporations want to cut costs and please their shareholders, they outsource their labor to another country or hire someone to automate their factory assembly line. Both taking jobs away from Americans. Furthering the demise of the economy.

Fine you say, that's capitalism, but not when it's being done on an uneven playing field. The regulations are less strict. So much so, that there are some who say those countries are polluting our planet to the point of no return. And for what?

Once a corporation goes IPO, they've sold their souls to the devil. The devil being the stockholders. Usually they are not even aware, or refuse to look at the facts, but they want costs lowered. The want that check in their pockets. And most people would say that's fine. But not when it's at the expense of people. Compassion is gone. Greed is in. No one will come out and say it in the open. They'll just politely bow out and sell.

But before anything can happen, the situation with the Fed needs to be addressed and Glass-Steagall has to be re-instated. Without that, everything else is a joke.

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