01-31-2016, 07:12 PM
Quote:Your mob call it quantitative easing, which is a polite way of saying 'printing money'.
If you want to have a discussion about quantitative easing that is something else entirely(and no, I'm not a supporter). QE accounts for a total of about ~$3Trillion in the last decade- less then the interest on the national debt(and is being used to try to increase credit lines which will help drive the economy). We will pay the piper for that at some point, it is reckless policy. In order to actually *pay* the national debt we would need orders of magnitude more then what we are talking about with QE- which would end up destroying the country fairly quickly(not an exaggeration). QE is much like allowing over leverage was in the 90s, a stop gap political ploy to temporarily inflate the economy to make people feel better about things.
Quote:Hitler was enabled by the idiocy of those who preceded him.
Absolutely, and the biggest act of idiocy they did was causing hyperinflation.
Quote:However, there is more to life than economic performance.
Of course, that is why I will *never* be rich. It really wouldn't be very difficult for me, but I am not willing to make the sacrifices they do to get there.