The View From 1776

Doubts About QE2

The Fed’s proposed second round of dumping phony money on the economy arises from eagerness to pursue the religion of socialism, coupled with unwillingness (or inability) to understand empirical reality.

Posted by .(JavaScript must be enabled to view this email address) on 10/26 at 09:51 PM
  1. "QE2 will do no more than pile logs on the already flickering inflation fire and continue to inflate the stock market speculative bubble that began last year."

    So, once again, you predict that the inflation wolf salivating at the door is about to gobble us all up, and that the recovering stock market is unreliable evidence that the economy is recovering, albeit slowly?

    Can you be more specific? What do you predict these horrible Keynesian expenditures will drive the inflation to in, say, 2011?

    Throw out a number. 1%? 2% 20%?
    Posted by .(JavaScript must be enabled to view this email address)  on  10/27  at  11:56 AM
  2. With all due respect, you are a fool, jj. Basic materials prices are rising. The dollar is tanking. Continuing on this path makes inflation a good bet. Only the people suffer under inflation, particularly the middle class. The poltical and financial class couldn't care less. This is truly a case of the emperor having no clothes. Yet you refuse to acknowledge the obvious. Enthralled by things about which you haven't a clue. Keynesianism! Please.
    Posted by .(JavaScript must be enabled to view this email address)  on  10/29  at  12:00 PM
  3. Please don't sugar-coat your opinions, just to save my feelings, Tom.

    The annual inflation rate from 2000 to 2008 averaged about 3% (under Bush). The average inflation rate for 2009-2010 has been four tenths of a percent.

    So, we appear to have a little wiggle room for Keynesian expansion before it reaches the level where the Republicans like it.
    Posted by .(JavaScript must be enabled to view this email address)  on  10/31  at  04:32 PM
Commenting is not available in this channel entry.