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To: NOW who wrote (136677)12/2/2001 3:01:37 PM
From: Lucretius  Read Replies (1) | Respond to of 436258
 
has everyone lost their minds? i hope he's not serious.... oh well, i got gold -g-



To: NOW who wrote (136677)12/2/2001 9:54:46 PM
From: patron_anejo_por_favor  Respond to of 436258
 
ROTFL! Kasriel's a scream this week:

In effect, the Fed would be creating (counterfeiting?) the money that households and businesses were now spending. This is tantamount to dropping money from a helicopter. It would allow households and businesses to increase their spending without increasing their own debt. Their balance sheets wouldn't deteriorate further. Instead, the Treasury's balance sheet would deteriorate.

HO HO HO! Merrrrry Christmas!<G>


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