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Politics : President Barack Obama

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To: Wharf Rat who wrote (144406)7/14/2014 8:46:38 PM
From: RetiredNow  Read Replies (2) of 149317
 
You didn't answer the question, which was "Exactly why do you think printing money is good for any of the 99%?"

Instead you said spending money is good for the 99%. First off, printing money for the benefit of the big banks is not the same as spending money on the 99%. Second, spending money on the 99% is good for them in the short run and horrible for them in the long run. Do you want to take another shot at my question? Why do you think printing money via QE is good for any of the 99%? Please elaborate on the transmission mechanism by which QE gives any benefit to the 99%.
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