Exactly. So WHEN do we quit kicking this can down the street. You guys are for QE(infinity)?
Both of you would fit in great at the Fed.
Not sure I’ve ever said I’m in favor of perpetual QE...
I am in favor of supplying liquidity when demanded so we don’t go into a deflationary spiral and completely wreck the economy. So if that’s what “fit in at the Fed” means. I’m cool with that monicker.
He and I are really not that important --ok, well maybe I am-- but if we want to feed our families then we need to know what's going on. The Fed's not important. If the Fed were gone and some other agency did exactly what the Fed's doing now then nothing would change. What the Fed's actually doing is what's important.
Most people prefer to cry like a baby about all the things they hate but all that does is raise our taxes for feeding the helpless twits. We need to decide what we want. So we like the U.S., and its constitution and its ability to create wealth. It's government's job to create money and "regulate the value thereof". For me it's not a question of whether the government should regulate the dollar's value but how the gov't should regulate the dollar. Most money is created using banks, we need money to live, so I'm voting for a congress that has banks making the amount of money necessary for $100 to buy roughly the same amount of food, clothing, and shelter from one week to the next.
I'm guessing we're together on this but if not then maybe we can at least understand our differences.