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Let the banks eat their losses. Pouring 40 billion dollars a month to bail out the crooked securities and trusts these folks created on the backs of folks who see their dollars buying less is complete BS.
Quote:
Originally Posted by KUchief25
So?
Rising wages offsets rising prices and, more importantly, debt overhang.
What about those who depend on interest income? They have had to sharply reduce their spending, exerting even more drag on the economy.
So, the policy should be to raise interest rates and make it harder for businesses and individuals to borrow, so some can get a few more p% of interest?
The Fed doesn't have a mandate to protect those who earn interest income. Their mandate to help employment and regulate inflation.
Those investors that depend upon interest have a choice of other investment options.
They are suppose to print money if things are deflating in price. They are printing money when things are going up! Strange.
Not exactly. The printing is going to fiance and giving money to people works great when they make stuff. Why does this give money a bad name when they give it to people that steal stuff with it? Money is not a bad thing. When crooks steal it from a bank, its the crooks that are the problem. All they are doing with this money is currency speculation and rent seeking.
Wages are deflating and so are things the middle class likes to buy. So the choice is fiscal policy to inject credit in the economy to do work, trust the bankers will make productive loans( you can't be serious), or just allow a depression.
Bankers, deficits or depression. I 'd be fine with the depression if they would not bail the banks out. Problem is they do, and they will.
So, the policy should be to raise interest rates and make it harder for businesses and individuals to borrow, so some can get a few more p% of interest?
The Fed doesn't have a mandate to protect those who earn interest income. Their mandate to help employment and regulate inflation.
Those investors that depend upon interest have a choice of other investment options.
No you cant do that, raise short term rates and beloved guv goes broke...
When this bubble pops it's over, they know it and you know it...
WW3 appears to be on the table...
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