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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Amark$p who wrote (100661)8/11/2009 3:05:00 AM
From: Killswitch  Read Replies (2) of 116555
 
The Fed's quantitative easing program hasn't really had a huge effect on the USD. Furthermore, other countries have their own QE programs and can do it as much or more than us to prevent their currencies from becoming too strong.

The best solution is really to begin "printing" say.. $2 trillion at minimum every 6 months and mail it directly to citizens and probably companies too - as long as they agree to apply it to paying off debt. Then you keep doing this every 6 months until deflation ends and the economy is definitively recovering. I bet it would end this problem by the time you've printed $10t or less.

This might seriously hurt the USD's value if other major countries don't implement similar cash-for-debt giveaways. But it will still be overall a better solution for the USA than going through a Japan style government debt buildup that accomplishes little.
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