As Ben contemplates the CTRL<P> function>>>>

[ssd]

I find this statement to be interesting.

Originally said in Dec 2010.

Money printing cannot make society richer; it does not produce more real goods. It has a redistributive effect in favor of those who receive the new money first - banks - and to the detriment of those who receive it last - taxpayers. The money injection in a specific part of the economy distorts production. Thus, QE does not bring ease to the economy. To the contrary, QE makes the recession longer and harsher.

And now, the FED looks at QE ad finitum to stimulate the economy.

Hmmm, since QE1-3 (Operation Twist has not ended like they said it would in June so I have named it QE 3 for my benefit) has not had the impact on the economy that was expected, let's continue on the same course and proceed until we hit the iceberg.

Ben must be a relative of the Titanic captain.

 

[Lumi]

 

[ssd]

hahahaha - great pic!

hahahaha



:mj07: