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Federal Reserve's Money Printing Failure [Pic+]

Hits: 8278 | Rating: (3.3) | Category: News & Politics | Added by: Andrew155
Jump to: Bottom    Last Post
CrakrJak
Male, 40-49, Midwest US
 16909 Posts
Thursday, March 21, 2013 5:39:35 PM
Well said intrigid.

intrigid
Male, 18-29, Canada
 916 Posts
Thursday, March 21, 2013 4:53:29 PM
"It's already out there, and despite all the predictions of disaster, there's still no significant sign of inflation in the U.S. economy..."

That's like saying the dead, dry timber has been collecting in the forest for decades, and despite what the doom and gloomers are saying, there's STILL no sign of a massive forest fire.

Andrew155
Male, 18-29, Eastern US
 2564 Posts
Thursday, March 21, 2013 4:12:12 PM
Everyone's steering clear of the 800 pound gorilla, I see.

Bakcagain21
Male, 18-29, Europe
 553 Posts
Thursday, March 21, 2013 1:35:03 PM
Nothing new here, even the romans debased their currency. When your country get's into debt you inflate it away... Those who suffer are the savers who dd nothing wrong.

Pooptart19
Male, 18-29, Southern US
 2274 Posts
Thursday, March 21, 2013 11:55:01 AM

AntEconomist
Male, 40-49, Eastern US
 254 Posts
Thursday, March 21, 2013 10:38:34 AM
@Andrew: Money (in the sense of the money supply as opposed to financial wealth) is never "in the stock market." I spend a dollar for stock and that dollar goes to the person who sold me the stock. My wealth is in the stock market, but the dollar is floating around in the economy.

I spoke with a Fed economist a few weeks ago. He confirmed the spirit of CrakJak's statement. What concerns Fed economists most right now is that, if banks were to loan out the massive amounts of money the Fed has pumped into them, we would see significant inflation.

Andrew155
Male, 18-29, Eastern US
 2564 Posts
Thursday, March 21, 2013 10:31:43 AM
Cubmaster - you didn't read the link. It explains that it's not physical printing. They have a loophole! It takes over existing loans with money it creates. It "digitizes" new money, that's no different than printing and that's not even a partisan dispute.

As for hitting the "real world" - have you ever heard of money velocity? For inflation to set in, there has to be money velocity. The money has to get spent in the real economy. Currently, most of this fed money is either being sit on by the banks, or it is in the stock market, where it does not affect the inflation rate. Although if we counted inflation the same way we did before the 90's, we would have over 5% inflation right now.

I really can't believe it when people believe in this fantastical idea that we can "digitize" over a trillion a year with no side effects, no catch at all.

Cubmaster938
Male, 40-49, Eastern US
 8 Posts
Thursday, March 21, 2013 10:08:09 AM
Of course, to be correct, the Federal Reserve Bank does not actually print currency. That would be the Bureau of Engraving and Printing at the Treasury Department.
I don't understand "CrakrJak's" comment "if this amount of cash were to ever hit the real world" -- what does that mean? Where does he think that money is? It's already out there, and despite all the predictions of disaster, there's still no significant sign of inflation in the U.S. economy...

SageBlue
Male, 30-39, Western US
 71 Posts
Thursday, March 21, 2013 9:26:51 AM
So basically, "money" is a game in which no one wins.

CrakrJak
Male, 40-49, Midwest US
 16909 Posts
Thursday, March 21, 2013 9:06:42 AM
This is the 800lb. Gorilla in the room folks.

If this amount of cash were to ever hit the real world, and not just be numbers inside the bank's computers, that inflation rate would make the Weimar Republic economy look like a children's game.

dm2754
Male, 40-49, Western US
 3122 Posts
Thursday, March 21, 2013 8:44:01 AM
repost

Andrew155
Male, 18-29, Eastern US
 2564 Posts
Wednesday, March 20, 2013 8:03:06 PM
Link: Federal Reserve's Money Printing Failure [Pic+] [Rate Link] - Quantitative Easing


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