Saturday, September 29, 2012
The Real Fiscal Cliff: How to Spot the Ledge
Posted by
Nick
What is the goal of quantitative easing? The goal of it is to get Americans to spend more money, borrow more money and spend it. Well, that was the problem. We borrowed all this money, we're broke, and now we have a recession because we have to rebuild our savings, we need savings so we can have capital investment so we can produce things, so we can create productive jobs. We have to transition the economy, but QE was designed to prevent that process from happening.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
If the post you are commenting on is more than 30 days old, your comment will have to await approval before being published. Rest assured, however, that as long as it is not spam, it will be published in due time.