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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: FJB who wrote (487273)	5/16/2012 3:46:34 AM
From: LindyBill	Read Replies (1) \| Respond to of 793543

Old Ambrose is an optimist, isn't he? :>) I want Obama to lose, but I don't want the world to go under!

To: FJB who wrote (487273)	5/16/2012 7:33:12 PM
From: Bridge Player	1 Recommendation Read Replies (1) \| Respond to of 793543

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.