"Fed to Start Buying Stocks"?

I do appreciate a good meltdown. I sure hope to see more cheap insult attempts and ALL CAPS. It is not possible to print away debt.

 

<yawn> I was wondering if you only knew capital letter.

Yes, of course it is. Monetary sovereigns have often removed their own debts by just such methods.

 

Except that usually nationalization or socialization involves paying the owner little or nothing for the assets, not paying them an order of magnitude too much.

 

You believe in perpetual motion machines too?

 

Unless economic growth is commensurate with the amount "created", it would only create inflation. It is not possible to print debt away. Personally, I would reduce government to a minimum as they have little respect for our hard-earned money. Others want to put the same irresponsible people in charge of healthcare.

 

No, that's false. You just don't know anything about monetary economics. Debt money is constantly being destroyed by repayments of bank loan principal. So if the amount of principal repaid exceeds new loans, as in a recession or the current crisis, government can print that much money without even increasing the money supply.

It is indisputably possible, and has been done fairly often.

If you think democratically accountable government officials are irresponsible, you have never met a private banker.

 

Its working great so far. Look how low our debt is getting? Increasing money by itself only creates "too much money chasing too few goods."

BTW, you are "uber rich" based on global standards.

 

It hasn't been tried so far.

Only if it's too much money.

GET IT???

No I'm not. Didn't I already prove you wrong on that? I'm at roughly the 95th %ile globally, which is not even rich, let alone uber rich.

 

How?

 

That's what was said after the 08 bailouts. It never materialized.
In fact, the real fight was against deflation. Likely will be the same this go around.
And personal spending is going to contract immensely.
That's why tRUMP is trying to buy his way out of this. Free money to everyone.

 

So you have amended "Its done all the time" to "It hasn't been tried so far"

Admitted to "Only if it's too much money." supporting my post "Unless economic growth is commensurate with the amount "created", it would only create inflation. "

And now admit to being in the top 5% (Uber rich by comparison) I don't need proof, I take your word for it.

Good times!

 

So you can't or won't prove it.
I say you can't prove it.

Wanna try it or just deflect again.

 

Inflation and taxation.

 

But that is how the country has been working nearly since it's beginning of using money as a medium of exchange.

I remember when a loaf of bread used to be $.50.
A can of soda, was $.10.

Inflation took those prices away.
Taxes is how you have roads and sidewalks.

 

20% inflation since 2008...

https://www.in2013dollars.com/us/inflation/2008

 

Low by historical standards.



And way better than those red areas. From your link.

 

We're likely still suffering the inflation from 2008. And from similar activity prior to it. This stimulus will just add more. Adding a couple % here and there will add up.

 

We're inflating or deflating.
Look at the red areas in the chart of deflation. Not so good of times.

 

...who will then return the favor by pouring money into Trump's campaign.

 

You prove your assertion.
I don't disprove it.
That's how real science works.

Would you like a refresher course on the null hypothesis?

 

I did prove it. tRUMP asked for money, congress said here, $2.2T. Just like that it's on it's way to American's bank accounts as we type.

See more deflection.
You can't prove the tRUMP's money to 1/2 of Americans is not free. This didn't buy it. The created it. Just put some tick marks on a ledger sheet.

 

What makes that free?
Are you of the opinion that $2.2T has no costs to society ?

 

Correct.
I've asked if you can prove the cost to society and you only answered by asking if I believe in a perpetual motion machine.

If there was a cost to society, would conservatives be asking for this money to give to Americans?
Cue, it's the dems fault because that 1/3 of gov't is controlling the money.

 

I dont know nor do I give a **** what Republicans think or do

 

I didn't say republicans.

I see you gave up on proving this money give away isn't free money. But it's reality. As it was in 08.