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To: gpk9
What was that comment I heard about where Bernanke said he was determined to debase (read: crash) the dollar even if he had to drop dollars out of a helicopter?

The idea is to add liquidity when interest rates drop to zero and can go no lower, which is where we are now. The original helicopter analogy comes from Milton Friedman, a favorite of most conservatives.

5 posted on 01/15/2009 3:07:22 PM PST by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: Moonman62
"The idea is to add liquidity ..."

Exactly how is that supposed to help the economy, when all the trillions of "liquidity" pumped in thus far haven't helped the economy one little bit?

Have all those trillions of "liquidity" pumped into the financial sector helped YOU any?

Have all those trillions of "liquidity" pumped into the financial sector helped restore our manufacturing base, a critical component of an economic recovery?

Have all those trillions of "liquidity" pumped into the financial sector helped restore consumer confidence, another critical component of an economic recovery?


12 posted on 01/15/2009 3:16:25 PM PST by gpk9
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To: Moonman62
The idea is to add liquidity

There is a lot more liquidity than there was five months ago. Whether there is any more solvency is what the world wants to know.

The only way to know that is for the banks to come clean and honestly value their balance sheets. Which I have been waiting for since long before Hank Paulson starred as Chicken Little.

41 posted on 01/15/2009 5:37:53 PM PST by Notary Sojac
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To: Moonman62

“a favorite of most conservatives”

More like a fear!


52 posted on 01/15/2009 6:32:21 PM PST by dalereed
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