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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (132699)	4/4/2013 4:06:22 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

Not sure I agree. Pumping up prices doesn't do anything but misallocate capital. Savings leads to capital formation, which seeks good ROI projects, which leads to growth and innovation in the economy, which leads to jobs and the virtuous cycle. Money printing leads to so many bad behaviors and funding of bad, low ROI projects, that the net of it is a destruction of savings, capital, and jobs, that leads to persistent malaise. It is precisely why we are still in the shit hole 4 years after the crash. If the free market were to have prevailed, the crash would have been followed by a short sharp depression and deflation that would have wiped out the excess debt and malinvestments and lead to a reset of the economy. Right now, we'd have been experiencing robust growth, instead of this jaundiced and tepid stall speed growth with bloated over leveraged government balance sheets.