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Old 09-19-2012, 07:43 PM
 
6,940 posts, read 9,231,497 times
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I often don't agree with Reason on multitudes of issues, but this piece hit it on the nail. Those who are often opposed to trickle down economics often champion the federal reserve not knowing that the fed is in close ties with the financial industry. QE enriches the top earners while we don't see any effect at the bottom.

How Quantitative Easing Helps the Rich and Soaks the Rest of Us - Reason.com
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Old 09-19-2012, 07:44 PM
 
Location: Raleigh, NC
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Obama supporters told me Ben is a smart man and that QE3 will be good for the poor and middle class.
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Old 09-19-2012, 07:51 PM
 
69,366 posts, read 61,624,608 times
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I've been saying for years that the Q3's help the rich, and is harmful to the rest of us, but you left wing kooks told me I was dumb and didnt know what the hell I was talking about.

But its not trickle down either, so once again you dont know what the hell you're talking about
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Old 09-19-2012, 07:57 PM
 
6,940 posts, read 9,231,497 times
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Quote:
Originally Posted by pghquest View Post
I've been saying for years that the Q3's help the rich, and is harmful to the rest of us, but you left wing kooks told me I was dumb and didnt know what the hell I was talking about.

But its not trickle down either, so once again you dont know what the hell you're talking about
How is it not trickle down?
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Old 09-19-2012, 08:07 PM
 
Location: Raleigh, NC
20,056 posts, read 17,570,613 times
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Quote:
Originally Posted by knowledgeiskey View Post
How is it not trickle down?
How does creating more debt serfs and devaluing currency for fixed income folks help the middle class and poor?
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Old 09-19-2012, 08:09 PM
 
3,335 posts, read 2,868,869 times
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So in a few short month's the Banks will be sitting on over 2 Trillion?

Great!

Douche bags, flush the Tolerant Americans once again.
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Old 09-19-2012, 08:09 PM
 
6,940 posts, read 9,231,497 times
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Quote:
Originally Posted by summers73 View Post
How does creating more debt serfs and devaluing currency for fixed income folks help the middle class and poor?
Trickle down economics doesn't help the poor. Besides, QE doesn't devalue the currency.
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Old 09-19-2012, 08:10 PM
 
3,335 posts, read 2,868,869 times
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Quote:
Originally Posted by knowledgeiskey View Post
How is it not trickle down?
Cuz, it's trickle on. Goldman shower's for everyone....
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Old 09-19-2012, 08:11 PM
 
3,335 posts, read 2,868,869 times
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Quote:
Originally Posted by knowledgeiskey View Post
Trickle down economics doesn't help the poor. Besides, QE doesn't devalue the currency.
BEN? Is that you?

Look, printing more money, is devaluation.
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Old 09-19-2012, 08:12 PM
 
Location: Raleigh, NC
20,056 posts, read 17,570,613 times
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Quote:
Originally Posted by knowledgeiskey View Post
Trickle down economics doesn't help the poor.

Your Opinion Man - YouTube

Quote:
Besides, QE doesn't devalue the currency.
lol wut
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