Comments on: The Fed must print money to head off a global crash http://blogs.reuters.com/great-debate/2011/08/31/the-fed-must-print-money-to-head-off-a-global-crash/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: aboriginal http://blogs.reuters.com/great-debate/2011/08/31/the-fed-must-print-money-to-head-off-a-global-crash/#comment-37120 Sat, 03 Sep 2011 17:02:49 +0000 http://blogs.reuters.com/great-debate/?p=10185#comment-37120 Well if you work for a monetary regime on the cusp of an integrated collapse, wouldn’t you incent it to fail outright and still make money doing it?

From their perspective, it’s time to wholly collapse the fiat regimes dated to 1971 and create a new one.

Here’s a quote from a good NFL coach, Denny Green: “The great thing about America is that everyone is entitled to an opinion, another great thing about America is you don’t have to listen to them.”

Here’s my take – I’m not listening, being American. The English can have their inflation and eat it too.

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By: DrJJJJ http://blogs.reuters.com/great-debate/2011/08/31/the-fed-must-print-money-to-head-off-a-global-crash/#comment-37031 Thu, 01 Sep 2011 16:18:41 +0000 http://blogs.reuters.com/great-debate/?p=10185#comment-37031 Spend borrowed (40 cents/dollar) deficit dollars in hopes there’s some mulitplier effect that creates revenue? Perhaps some short term increase, but we’re all buried in debt and younger folks (not all) don’t feel like working overtime for life to make up the difference if we’re wrong! I’d place my bet on knocking down debt before we experiment with the last game (fed) in town!

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By: DrJJJJ http://blogs.reuters.com/great-debate/2011/08/31/the-fed-must-print-money-to-head-off-a-global-crash/#comment-37030 Thu, 01 Sep 2011 16:13:18 +0000 http://blogs.reuters.com/great-debate/?p=10185#comment-37030 What does “recovery” look like-another asset bubble of some sort, credit for flakes, redistribution of wealth according to someones world view, a bridge to nowhere?? I’d make the case we contract spending and raise some taxes until we move closer to balanced budgets across the country! We have no business speculating/gambling with the last of our credit/wealth and projecting some pie in the sky outcome based on some optimistic sweet talkin dreamers! A vision without a way to pay for it is dangerous now, a spending spike won’t work like it has in the past (fool my twice) and there is no substitute for cuts for years and tax increases based on local needs! I suspect we’re all looking at 4 day work weeks, far fewer services/entitlements and much more personal responsibility for actions-the way it should be! Hope we come out the other end a better country with better morals/ethics!

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By: DrJJJJ http://blogs.reuters.com/great-debate/2011/08/31/the-fed-must-print-money-to-head-off-a-global-crash/#comment-37029 Thu, 01 Sep 2011 16:13:14 +0000 http://blogs.reuters.com/great-debate/?p=10185#comment-37029 What does “recovery” look like-another asset bubble of some sort, credit for flakes, redistribution of wealth according to someones world view, a bridge to nowhere?? I’d make the case we contract spending and raise some taxes until we move closer to balanced budgets across the country! We have no business speculating/gambling with the last of our credit/wealth and projecting some pie in the sky outcome based on some optimistic sweet talkin dreamers! A vision without a way to pay for it is dangerous now, a spending spike won’t work like it has in the past (fool my twice) and there is no substitute for cuts for years and tax increases based on local needs! I suspect we’re all looking at 4 day work weeks, far fewer services/entitlements and much more personal responsibility for actions-the way it should be! Hope we come out the other end a better country with better morals/ethics!

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By: paintcan http://blogs.reuters.com/great-debate/2011/08/31/the-fed-must-print-money-to-head-off-a-global-crash/#comment-37024 Thu, 01 Sep 2011 13:09:41 +0000 http://blogs.reuters.com/great-debate/?p=10185#comment-37024 “If the improvement was insufficient, because the response to a given injection was less than some hoped, increase the dose”.

Or the patient is dying and no amount of medicine will revive him.

Spiral_eyes knows how complex the body of the patient really is. And the patient may have so many things wrong with him but the doctors can only treat him with their limited range of medications and don’t want to admit there are other diseases at work.

Because the Fed has to buy treasury bonds isn’t that as much as saying that no one else really wants them and that their value is almost theoretical?

One could say the patient is rejecting the medicine at whatever dosage or it might be the wrong medicine.

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By: spiral_eyes http://blogs.reuters.com/great-debate/2011/08/31/the-fed-must-print-money-to-head-off-a-global-crash/#comment-37020 Thu, 01 Sep 2011 06:56:18 +0000 http://blogs.reuters.com/great-debate/?p=10185#comment-37020 The problem with printing money is that the underlying problems causing the lack of confidence and negative demand shocks are non-monetary. Printing money massages the figures, and massaging the figures will prevent the real underlying problems being fixed.

Military overspending, political corruption, public indebtedness, withering infrastructure, oil dependence, deindustrialisation, the withered remains of multiple bubbles, bailout culture, the derivatives-industrial complex, food and fuel inflation, the agency problem, and so forth.

http://azizonomics.com/2011/08/27/keynes -bernanke-krugman/

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By: DanielKw http://blogs.reuters.com/great-debate/2011/08/31/the-fed-must-print-money-to-head-off-a-global-crash/#comment-37019 Thu, 01 Sep 2011 06:26:44 +0000 http://blogs.reuters.com/great-debate/?p=10185#comment-37019 Brilliant article, very well argued. Adam is the expert’s expert on Japan. The Fed is now the only game in town. Ever since QE2 ended, the carry trade has gone in the dumpster, and Europe has hit the wall. We need both the ECB and the Fed to get a grip on reality and get busy or the down spiral will gain momentum. Thanks Reuters for this piece.

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By: ttolstoy http://blogs.reuters.com/great-debate/2011/08/31/the-fed-must-print-money-to-head-off-a-global-crash/#comment-37017 Thu, 01 Sep 2011 04:12:18 +0000 http://blogs.reuters.com/great-debate/?p=10185#comment-37017 I should say one more thing. This guy is not only a thief, but also a liar. Everyone who lives in the US and the UK knows that prices are rising very rapidly, yet he denies that there is any inflation. I just tried to rent a car in a city in America. They want $240 for a one week rental. Back in 2000, I could rent cars regularly, in that same city, for about $130 per week. The price of meat, milk, flour, corn and everything else has exploded.

The only things that are not being subjected to runaway inflation are the assets that are held by casino-bankers, such as stocks and real estate. That is because those things were wildly overpriced to begin with, as a direct result of the intense and repeated manipulations of those same casino-bankers who have hired Posen as their multi-million dollar “consultant” or will do so in the future.

The only way to end the thievery that men like Posen represent is to impose the appropriate penalty for their actions in monetary debasement, as described in my prior comment.

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By: ttolstoy http://blogs.reuters.com/great-debate/2011/08/31/the-fed-must-print-money-to-head-off-a-global-crash/#comment-37016 Thu, 01 Sep 2011 04:01:07 +0000 http://blogs.reuters.com/great-debate/?p=10185#comment-37016 This author is a fool, who has no understanding of economic history. Obviously, printing money debases the existing money stock, yet he denies it. In the normal business cycle, cash is supposed to be king in a downturn, with low asset prices so that control of economic assets can be shifted to more prudent hands, and out of the hands of those who caused the downturn. Yet, both in the UK and the USA, stock market values are wildly inflated, cash is NOT king, and if and when any tepid recovery occurs, inflation will be in the triple digits.

In the early years of the United States and, at about the same time period, in the UK. The penalty for monetary debasement was to hang until dead. Now, in a perversion of justice, men like Posen are bandied about as “respected” economists, even though they are actually shills who are accomplished pick-pockets for the casino-bankers who want to steal money from the common man. Such thieves are allowed to move in high society when they should be put on trial. Such men must be tried for treason, and the appropriate punishment, which I suggest can only be the same one we had in the past, should be appropriately applied.

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