Banks, QE, and Money-Printing
lynalden.com
Banks, QE, and Money-Printing
1–10 of 249 posts
Re: Banks, QE, and Money-Printing
#2I recommend Stephanie Kelton's "The Deficit Myth" for more background on MMT:
https://www.amazon.com/Deficit-Myth-Monetary-Peoples-Economy...
Re: Banks, QE, and Money-Printing
#3I recommend Stephanie Kelton's "The Deficit Myth" for more background on MMT: https://www.amazon.com/Deficit-Myth-Monetary-Peoples-Economy...
The point of that woman is simply: let the deficit go up ad infinitum (in USD value), it doesn't matter because as the central bank keeps printing money, the value of the deficit actually goes down (because the USD value goes down), so the value of the deficit is stable even if we don't perceive it to be this way.
Quite BS imo
Re: Banks, QE, and Money-Printing
#4I recommend Stephanie Kelton's "The Deficit Myth" for more background on MMT: https://www.amazon.com/Deficit-Myth-Monetary-Peoples-Economy...
The point of that woman is simply: let the deficit go up ad infinitum (in USD value), it doesn't matter because as the central bank keeps printing money, the value of the deficit actually goes down (because the USD value goes down), so the value of the deficit is stable even if we don't perceive it to be this way. Quite BS imo
> Quite BS imo
Well he said it was MMT, didn't he? ;)
Re: Banks, QE, and Money-Printing
#5I recommend Stephanie Kelton's "The Deficit Myth" for more background on MMT: https://www.amazon.com/Deficit-Myth-Monetary-Peoples-Economy...
The point of that woman is simply: let the deficit go up ad infinitum (in USD value), it doesn't matter because as the central bank keeps printing money, the value of the deficit actually goes down (because the USD value goes down), so the value of the deficit is stable even if we don't perceive it to be this way. Quite BS imo
Have you in the process also just wiped out everyone on a fixed income and who keep their savings in the bank?
Re: Banks, QE, and Money-Printing
#6I recommend Stephanie Kelton's "The Deficit Myth" for more background on MMT: https://www.amazon.com/Deficit-Myth-Monetary-Peoples-Economy...
The point of that woman is simply: let the deficit go up ad infinitum (in USD value), it doesn't matter because as the central bank keeps printing money, the value of the deficit actually goes down (because the USD value goes down), so the value of the deficit is stable even if we don't perceive it to be this way. Quite BS imo
Printing money is a bad idea.
You think we had it bad, check out what happened here: https://alphahistory.com/weimarrepublic/great-depression/
I seem to remember something else, rather alarming, that happened after that...
Re: Banks, QE, and Money-Printing
#7Earlier quoted context omitted.
The point of that woman is simply: let the deficit go up ad infinitum (in USD value), it doesn't matter because as the central bank keeps printing money, the value of the deficit actually goes down (because the USD value goes down), so the value of the deficit is stable even if we don't perceive it to be this way. Quite BS imo
Have you in the process also just wiped out everyone on a fixed income and who keep their savings in the bank?
Yep, and it’s arguably half the point as a means to keep the workforce working, depending on the leaning of who you talk to.
Re: Banks, QE, and Money-Printing
#8I recommend Stephanie Kelton's "The Deficit Myth" for more background on MMT: https://www.amazon.com/Deficit-Myth-Monetary-Peoples-Economy...
The point of that woman is simply: let the deficit go up ad infinitum (in USD value), it doesn't matter because as the central bank keeps printing money, the value of the deficit actually goes down (because the USD value goes down), so the value of the deficit is stable even if we don't perceive it to be this way. Quite BS imo
What’s BS about it? Using inflation to cheapen debts is pretty common knowledge.
Re: Banks, QE, and Money-Printing
#9Earlier quoted context omitted.
The point of that woman is simply: let the deficit go up ad infinitum (in USD value), it doesn't matter because as the central bank keeps printing money, the value of the deficit actually goes down (because the USD value goes down), so the value of the deficit is stable even if we don't perceive it to be this way. Quite BS imo
Have you in the process also just wiped out everyone on a fixed income and who keep their savings in the bank?
Isn’t that what people want? To eliminate rent-seeking behavior?
Re: Banks, QE, and Money-Printing
#10I recommend Stephanie Kelton's "The Deficit Myth" for more background on MMT: https://www.amazon.com/Deficit-Myth-Monetary-Peoples-Economy...
The point of that woman is simply: let the deficit go up ad infinitum (in USD value), it doesn't matter because as the central bank keeps printing money, the value of the deficit actually goes down (because the USD value goes down), so the value of the deficit is stable even if we don't perceive it to be this way. Quite BS imo
Yet it’s very tempting for politicians to implement exactly that, because to tax people to pay for stuff is not very popular politically. They will always, always, always kick the can down the road.