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Politics : Politics for Pros- moderated

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To: FJB who wrote (487273)	5/16/2012 7:33:12 PM
From: Bridge Player	1 Recommendation Read Replies (1) of 793559

I would go even further. sovereign central banks have the means to defeat any depression thrown at them by launching mass purchases of assets outside the banking system, working through the classic Hawtrey-Cassel quantity of money mechanism until nominal GDP is restored to its trend line. Yep. Absolutely. Too much debt and credit got us into this problem, so the solution is obviously to launch "mass purchases of assets outside the banking system" until GDP is restored to its trend line. Via the issue of more "funny money" and more debt. Pretty obvious. The coming inflation ought to be a doozy. Shades of Germany circa 1920s and Zimbabwe.

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