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Last post 11 years ago by wheelrite. 7 replies replies.
Quantitative Easing (QE)...aka print more money?
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daveincincy Offline
#1 Posted: Thu, Sep 20 2012, 4:06 PM EST
Joined: 08-11-2006
Posts: 20,033
Just putting this out there for discussion...because that's what we do here, discuss (or argue), right? Anyway, I'm not familiar with the term, and I'm not an economist. Just thought I'd mention that, as I really won't be all that instrumental/informative in this thread (just like most) other than to put it out there since it really didn't get any news coverage. One of our local news channels likes to have a segment during the evening news called "reality check." It's their way of picking a particular topic/current event and being "fair and balanced" about it. I watched it last night, and it peaked my interest...actually it probably frightened me more than anything, as it gives a [potential] glimpse of where we're headed in the next 3 - 5 years (sooner?). Am I not to be concerned about this? Printing more money, indefinitely this time, for the 3rd time (QE3), when the first two times (QE1 & QE2) really didn't work. Is this a sign of rapid inflation? Again, I repeat, I am not an economist even though I took a lot of econ classes in college....basically because it was all I had left after I used up all my free electives (i.e. tennis, racquetball, music appreciation, etc) too early in my studies d'oh! ...live and learn.

Link to local news channel segment:
http://www.fox19.com/story/19589990/reality-check-what-is-qe3-and-what-it-means-for-the-us-economy

Article on QE3:
http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/09/13/qe3-what-is-quantitative-easing-and-will-it-help-the-economy/

Disclaimer: The Washington Post article I linked was a random article I chose while googling the subject (QE3). I don't necessarily endorse/support the article. I just wanted to include an article for your perusal.
Papachristou Offline
#2 Posted: Thu, Sep 20 2012, 4:27 PM EST
Joined: 10-20-2010
Posts: 845
interesting read. i really wonder at what point spending will have to stop? i just met with one of my cablers this morning and his city of 400 people just received $1.5 million from the federal government for a new fire station.
pdxstogieman Offline
#3 Posted: Thu, Sep 20 2012, 7:07 PM EST
Joined: 10-04-2007
Posts: 5,219
Papachristou wrote:
interesting read. i really wonder at what point spending will have to stop? i just met with one of my cablers this morning and his city of 400 people just received $1.5 million from the federal government for a new fire station.


Geez, that would've bought 12.5% of one patriot missile. Those selfish, parasitic, godless, big gubbermint Democrats keep letting the gubbermint, nay forcing it to spend money on worthless chit, which is to say anything that isn't related to our country's capability to kill brown people. Big spendin' and Big Gubbermint in the name of maintaining a strong brown people killin' machine is the only legitimate function of Gubbermint.

Fire stations, bridges, highways, public toilets, potable water, those luxuries will just keep the multi-generational slackers alive. Rugged individualists don't need any of that stuff provided to them, they pull themselves up by their bootstraps and refuse to use socialist built infrastructure in any form, levitating themselves to international airspace in order to get from place to place without driving on commie built roads.
wheelrite Offline
#4 Posted: Thu, Sep 20 2012, 7:09 PM EST
Joined: 11-01-2006
Posts: 50,119
pdxstogieman wrote:
Geez, that would've bought 12.5% of one patriot missile. Those selfish, parasitic, godless, big gubbermint Democrats keep letting the gubbermint, nay forcing it to spend money on worthless chit, which is to say anything that isn't related to our country's capability to kill brown people. Big spendin' and Big Gubbermint in the name of maintaining a strong brown people killin' machine is the only legitimate function of Gubbermint.

Fire stations, bridges, highways, public toilets, potable water, those luxuries will just keep the multi-generational slackers alive. Rugged individualists don't need any of that stuff provided to them, they pull themselves up by their bootstraps and refuse to use socialist built infrastructure in any form, levitating themselves to international airspace in order to get from place to place without driving on commie built roads.



weak Vladimir, weak,,,
pdxstogieman Offline
#5 Posted: Thu, Sep 20 2012, 8:37 PM EST
Joined: 10-04-2007
Posts: 5,219
wheelrite wrote:
weak Vladimir, weak,,,



Now don't go getting pissy with me. ya know you're not the sharpest tool in the shed. Sarcasm whip Beer
ZRX1200 Offline
#6 Posted: Thu, Sep 20 2012, 8:45 PM EST
Joined: 07-08-2007
Posts: 60,682
The problem is centralized govt and its addiction to spending and its constant overreach of its powers.


PDX if state or local gov't wants to pay for that stuff great. Though I have my own opinion (like you)in of what's appropriate in that manner the feds should be on a short leash minding their limited role.


B Bernake is a traitor as are many bankers. The Fed should not exist and printing $ not backed by anything will come back to bite us.
wheelrite Offline
#7 Posted: Thu, Sep 20 2012, 8:53 PM EST
Joined: 11-01-2006
Posts: 50,119
pdxstogieman wrote:
Now don't go getting pissy with me. ya know you're not the sharpest tool in the shed. Sarcasm whip Beer


Bro,,,
your verbose, bombastic posts impress nobody but you...



That being said,,,

eat me,,d'oh!
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