10-06-2018, 09:39 PM
(10-06-2018, 05:01 PM)Eric the Obtuse Wrote: I am not a fan of inflation and QE. I am in favor of government spending though, especially during big recessions when it stimulates the economy. The Obama stimulus did that, handcuffed though it was, and its effect reduced by massive cuts in state jobs due to the Tea Party counter-revolution in Nov.2010. After that, QE was the ONLY means the government had to stimulate the economy. Inflation did not result, because the recovery was so slow.
Even the lefties from the Guardian agree that QE contributes to increasing wealth inequality. Even George Soros who is hardly a libertarian says that QE causes asset bubbles and wealth inequality. Even the MSM understands that QE benefited Wall Street primarily. There was price inflation as a consequence of monetary inflation but it was primarily asset prices that were inflated.
Your lack of scientific knowledge is only surpassed by your economic idiocy because you still can't understand that the poor don't generally hold financial assets like stocks. It is also worth noting [url="https://www.bloomberg.com/technology]corporate debt[/url] is becoming a concern to the investment community who are pretty conventional in their economic views.
As usual you are a complete moron spouting nonsense.
Democracy is the theory that the common people know what they want, and deserve to get it good and hard. -- H.L. Mencken
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises