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1 posted on 01/01/2013 11:12:08 AM PST by Olog-hai
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To: Olog-hai
When does a recession become a depression? Is it when governments stop printing money?
2 posted on 01/01/2013 11:27:23 AM PST by Cowboy Bob (Soon the "invisible hand" will press the economic "reset" button.)
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To: Olog-hai

Triple dip? Maybe it is just that Keynesian money-printing, because it destroys the essential information about the time-value of money, actually works exactly in the opposite way it advocates theorize. Maybe Keynesian “stimulus” is actually a depressant of risk-taking. By forcing interest rates far lower than they normally would be, the policy certainly destroys investment and investment income that so many retired people rely on to live.

In fact, I have come to see Keynesian stimulus as embezzlement of private wealth by dilution and fraud.


6 posted on 01/01/2013 2:23:52 PM PST by theBuckwheat
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