Saturday, July 04, 2015

Quantitative Easing

The nice thing is that this raises questions about what "pretend money" would be.

All money is pretend money.

But P-Kroog thinks we need more.  A lot more.


Anonymous said...

At the moment, we don't need more money.

But in 2008-2009, we sure did. If that's so hard to grasp, you're nowhere near as smart as you think you are.

Unknown said...

@ Anonymous: Sort of like what G W Bush said: "I've abandoned free market principles to save the free market system." You are essentially saying the same instead you are cheering on the debasement of the FIAT currency system. If we had a Gold and or Silver based monetary system this Fiat money fraud would not be possible!

Mungowitz said...

Well, Anon, that's a COMPLETELY unfair criticism. There is NO ONE who is as smart as I THINK that I am.

So, there.