I’d say, “Mission Accomplished!” The gap between the rich and poor is larger than ever before. More and more people fall out of the Middle Class every minute.
Get used to this ‘new normal,’ and count on it getting much, much worse.
All by design, Comrades. All. By. Design.
A: Never.
Transparent cash dumps don't create economic growth.
Envision for a moment a Bernanke Airlines dropping trillions of dollar bills all over America. Would that generate economic growth? No! It would merely disrupt actually productive behavior.
Money volume doesn't cause growth. Period.
Productivity increases and returns to absolute values of capital investment create growth.
Here is a chart of The Conference Board’s Leading Economic Indicators (blue) and the 10 year Treasury rate (green):
...here is the MZM velocity which crashed due to slow GDP growth and a massive increase in the money supply since 2008:
And the M1 Money Multiplier crashed in Q4 2008 and remains in a slump:
We will all take a vow of poverty, and the gubbermint will be there to enforce it.
Let’s see, the fed is taking money from the lower classes through inflation and giving it to foreign banks. I don’t get how this is supposed to stimulate the US economy.
