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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: MCHVE who wrote (71550)	9/6/2015 2:49:59 PM
From: TimF	Read Replies (1) \| Respond to of 71588

Now your changing things around. Its not "stock buybacks are looting", its the fed is a looter. The reality is a bit more complex then your will to present, but you have a better argument here. In a sense the Fed is a counterfeiter. Not really since its "prints" (really creates electronically) legal money. But the effect is the same as the counterfeiter, it dilutes the currency the same as a countterfeiter's efforts do (but to a much larger extent). The feds trying to appropriately manager the money supply, but to the extent it makes a mistake (which isn't rare) its causing pain. Even when it gets it right, it will harm some with tight or loose money even if that's what's called for at the time.