This is just sheer nonsense, absolute nonsense. Tell that to Greece and the European Union because they've been banging their heads on how to resolve the crises without incurring any pain. Ben B, is that you?
What the politicians seem to have a problem understanding is that Europe/USA are old has been economies that let it all slip into the hands of the young guns new economies.Complacency. There is a world over production capacity in just about every article, not just cars and fridges. The emerging economies will take the pain of low wages etc. until the ole has beens are wiped off the scene. No amount of fiscal wizardry is going to alter that. Printing zillions of extra currency is not going to save their bacon either.
It is amazing isn't it? Understanding of economics in US is quickly becomiing a lost cause. Too much propaganda and paid gov't liars to confuse the weak minds of the ignorant.
I don't think the money printing has anything to do with stimulating growth or competing. It is to pay off debt.
You know more than I do, I'm quite sure of that. So you are saying that once they start lending the money out again the bad part could be rather short, timewise, then we could get going as a real economy again?
you think? does the average american have a higher standard of living now, or back in 1913 before the currency was debased?.
Comedy goldmine when the Citizens of Rock Ridge start talking economics. According to the these people, inflation is running at 10% a year. Either these people are mentally defective or they wear those sunglasses from the movie They Live and see some sort of alternate reality. Speaking of reality: Citizens of Rock Ridge sure were quiet with all those gub'mint jobs being created under the reign of Generalissimo Bush: Public Sector Payroll Jobs: Bush and Obama Finally: First George Soros had cheezburgr. Now George Soros along with the United Nations are on a conquest to rid the world of golf courses, according to Tea Party Texas Senate candidate:TX Sen Candidate Ted Cruz Spouts Paranoid Fantasy About United Nations/George Soros Conspiracy To Eliminate Golf