Do you have adblock enabled?
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Seymour Tribune)   Man emulates the fed and keeps printing money. Quickly learns they don't like competition   (tribtown.com) divider line 73
    More: Spiffy, printing money, Cumberland County Jail, Falmouth  
•       •       •

4854 clicks; posted to Main » on 31 Jan 2014 at 9:34 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



73 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
2014-01-31 09:39:27 AM  
Only the federal government can legally make counterfeit money. Never forget.
 
2014-01-31 09:39:48 AM  
tvisual.org

Looks legit
 
2014-01-31 09:41:06 AM  
He's being held at the Cumberland County Jail on $5,000.

Don't worry, it's not real money.
 
2014-01-31 09:41:55 AM  
What is it with conservatives who don't understand what money is or how it works?
 
2014-01-31 09:42:51 AM  
If you have no morals and want to print money just become a televangelist.
 
2014-01-31 09:46:28 AM  

Hollie Maea: What is it with conservatives who don't understand what money is or how it works?


You know had to be a conservative, he was actually doing work and not waiting on check from the gov't.
 
2014-01-31 09:46:32 AM  

Hollie Maea: What is it with conservatives who don't understand what money is or how it works?


Notsureifserious.png
 
2014-01-31 09:47:50 AM  
FTFA: It's unclear if he has a lawyer.

Why do articles always make some mention of representation in things like this?  If they are aware of representation, in non-sensational cases, they rarely say anything about it.
 
2014-01-31 09:50:56 AM  
$20?  dare to dream
 
2014-01-31 09:51:54 AM  

cman: Hollie Maea: What is it with conservatives who don't understand what money is or how it works?

Notsureifserious.png


I'm sure you're not.

If you are whining about the fed "printing money", you don't understand money.

Precious metal backed currency is not money. It is an extension of the barter system.
 
2014-01-31 09:52:04 AM  
Feds' been loaning the US govt 80 billion a month for the last 14 months.   (oh yeah!)
 
2014-01-31 09:53:57 AM  
How is this spiffy, Subby?
 
2014-01-31 09:54:27 AM  
if they can print money out of thin air i should be able to
 
2014-01-31 09:56:56 AM  

Hollie Maea: cman: Hollie Maea: What is it with conservatives who don't understand what money is or how it works?

Notsureifserious.png

I'm sure you're not.

If you are whining about the fed "printing money", you don't understand money.

Precious metal backed currency is not money. It is an extension of the barter system.


...seriously?

You do know where you are, right?
 
2014-01-31 09:57:07 AM  

midwestatheist: if they can print money out of thin air i should be able to


Go ahead. Do you have anything to back it other than the hot air coming out of your ass? Or were hoping to print it such that people would be deceived into thinking it was the stuff backed by the full faith and credit of the United States?
 
2014-01-31 10:02:43 AM  
"Police allege they found copy machines, more than $1,000 in counterfeit money, and a small amount of heroin in the basement of the home."

Sounds like a pretty sophisticated operation.  I can totally understand how he was able to pass these off.
 
2014-01-31 10:03:18 AM  
To be fair, that fake million dollars isn't "worthless"; you could probably get the right buyer to pay ten cents on the dollar for it.

/feels sorry for woodhouse
 
2014-01-31 10:04:15 AM  

Hollie Maea: midwestatheist: if they can print money out of thin air i should be able to

Go ahead. Do you have anything to back it other than the hot air coming out of your ass? Or were hoping to print it such that people would be deceived into thinking it was the stuff backed by the full faith and credit of the United States?


at least my ass has the hot air to back it
 
2014-01-31 10:05:13 AM  

midwestatheist: if they can print money out of thin air i should be able to


If you can actually print money from "thin air," I'll buy some.
 
2014-01-31 10:05:20 AM  

grinding_journalist: To be fair, that fake million dollars isn't "worthless"; you could probably get the right buyer to pay ten cents on the dollar for it.

/feels sorry for woodhouse


Why didn't you say so earlier?
 
2014-01-31 10:07:54 AM  
Someone doesn't understand fractional reserve banking.  One word hint:  Subby
 
2014-01-31 10:07:59 AM  
www.csaquotes.com

It's real to me...

......from the deeeeeep south of Ontario.
 
2014-01-31 10:14:34 AM  
craphound.com

/oblig
//almost finished with it, don't spoil it for me
 
2014-01-31 10:16:57 AM  

midwestatheist: Hollie Maea: midwestatheist: if they can print money out of thin air i should be able to

Go ahead. Do you have anything to back it other than the hot air coming out of your ass? Or were hoping to print it such that people would be deceived into thinking it was the stuff backed by the full faith and credit of the United States?

at least my ass has the hot air to back it


That it does.
 
2014-01-31 10:18:35 AM  

cman: Hollie Maea: cman: Hollie Maea: What is it with conservatives who don't understand what money is or how it works?

Notsureifserious.png

I'm sure you're not.

If you are whining about the fed "printing money", you don't understand money.

Precious metal backed currency is not money. It is an extension of the barter system.

...seriously?

You do know where you are, right?


You're suggesting that I shouldn't be surprised to hear these ridiculous arguments because I am on Fark? That's all well and good, except that I hear these same things everywhere I turn, including when I am listening to interviews with elected farking officials.
 
2014-01-31 10:20:49 AM  

Hollie Maea: What is it with conservatives who don't understand what money is or how it works?


Actually, his spending seems rather liberal.
 
2014-01-31 10:26:18 AM  
img.photobucket.com
No Lawyer, then
 
2014-01-31 10:28:32 AM  

Hollie Maea: What is it with conservatives who don't understand what money is or how it works?


A little knowledge is a dangerous thing. Emphasis on little.
 
2014-01-31 10:31:12 AM  

Hollie Maea: cman: Hollie Maea: What is it with conservatives who don't understand what money is or how it works?

Notsureifserious.png

I'm sure you're not.

If you are whining about the fed "printing money", you don't understand money.

Precious metal backed currency is not money. It is an extension of the barter system.


You can't be serious.
 
2014-01-31 10:33:03 AM  

Hollie Maea: What is it with conservatives who don't understand what money is or how it works?


well they don't understand climate change either. are you really that surprised?
 
2014-01-31 10:36:08 AM  

FlashHarry: Hollie Maea: What is it with conservatives who don't understand what money is or how it works?

well they don't understand climate change either. are you really that surprised?


I always laugh when you try and pretend you are smarter than somebody else. Always. Keep up the good work.
 
2014-01-31 10:37:30 AM  

MyRandomName: I always laugh when you try and pretend you are smarter than somebody else. Always. Keep up the good work.


lolwut?

are you saying that most conservatives have a deep understanding of the science of climate change? you know - the ones who claim that because it snows in february, climate change doesn't exist?
 
2014-01-31 10:40:02 AM  
I don't back my money with gold.

I back it with guns, ammo, and an army of accountants and lawyers.

/funnily enough, even the Fed respects it
//there is power in promises kept
 
2014-01-31 10:40:14 AM  

MyRandomName: FlashHarry: Hollie Maea: What is it with conservatives who don't understand what money is or how it works?

well they don't understand climate change either. are you really that surprised?

I always laugh when you try and pretend you are smarter than somebody else. Always. Keep up the good work.


He is a smart guy.
 
2014-01-31 10:43:04 AM  

Hollie Maea: If you are whining about the fed "printing money", you don't understand money.

Precious metal backed currency is not money. It is an extension of the barter system.


Isn't money just an extension of the barter system? I get that money in itself is a commodity and if everyone printed their own it would be bad, but I'm not sure I follow your point there.
 
2014-01-31 10:45:19 AM  

Pants full of macaroni!!: [craphound.com image 275x426]

/oblig
//almost finished with it, don't spoil it for me


He's a fraudster and he makes some money.
 
2014-01-31 10:52:14 AM  
screenagekicks.files.wordpress.com

/oblig
 
2014-01-31 11:06:50 AM  
Inflation Hawks have predicted 520 out of the last 1 spells of large inflation.
 
2014-01-31 11:11:00 AM  
Doncha know subby, that money is for the banks and wall street.  Don't want it falling into the wrong hands now.
 
2014-01-31 11:22:03 AM  
I wonder what would happen if I printed bits of paper that were of identical quality to Federal Reserve Notes... same paper, same quality of engraving, same anti-counterfeiting features... indeed, exactly like a real $50 except that (in the engraving) it boldly stated "NOT LEGAL TENDER". At no time in the printing process would it be "real" counterfeit currency...

How about if I printed precise $50s but with different colors of ink? Is the mere capability to print good counterfeits illegal?
 
2014-01-31 11:28:38 AM  
The new $100 bill already looks counterfeit when you get it.
 
2014-01-31 11:40:20 AM  
Guess it's back to trying to sell cocaine, then.


www.toonzone.net

Just don't forget to bring the guns.
 
2014-01-31 12:01:04 PM  

SewerSquirrels: Hollie Maea: If you are whining about the fed "printing money", you don't understand money.

Precious metal backed currency is not money. It is an extension of the barter system.

Isn't money just an extension of the barter system? I get that money in itself is a commodity and if everyone printed their own it would be bad, but I'm not sure I follow your point there.


Alright...here is a primer (seriously, this is first grade stuff ) on what money is and how it works.

Money is a device intended to facilitate economic activity.  It greatly improves the efficiency of economic activity by allowing the two sides of an economic transaction to not happen simultaneously--I don't have to find someone who not only wants what I have, but also has something that I want.  That requirement is the main drawback of the barter system.

Precious metal backed currency attempts to improve on the barter system by getting everyone to agree to keep amounts of a specific valuable item, whether they need it or not, so that this can be used as a proxy for the item that they actually desire.  But under this system, the currency is still a valuable item.  Although many people today (who, incidentally, have spent little to no portions of their lives in a "precious metal" system) consider this to be a feature, it is actually a bug.

Since money is used to efficiently FACILITATE economic transactions, the most important job for it to do is to be as invisible as possible and stay out of the way.  When the currency itself has value, then it can become a distraction, with the transaction becoming all about the currency instead of being about the economic transaction it is supposed to facilitate. The two most obvious ways that a currency can get in the way of the economic activity it is supposed to facilitate are 1. If it is perceived that the currency will not represent as much goods and services when the economic transaction is completed than it is today.  This can lead to a refusal to accept the currency, which keeps the transaction from occurring.  2. It is perceived that the currency will represent more goods and services when the economic transaction is completed than it is today.  This can lead to hording of the currency, which also keeps the transaction from occurring.  Due to the intrinsic value of precious metals, which can significantly vary over time due to unrelated circumstances, metal backed currency is prone to disastrous failures of these kinds.  Examples would include, say, Spain discovering and mining a brand new continent full of silver.  Or a war coming along that makes it more profitable to utilize the intrinsic value of the metal than to have it tied up in currency.

The most effective form of currency that has so far been developed is to have an otherwise useless proxy object that represents someone's credit.  Obviously, in order for the currency to not become a distraction, the credit has to be constant, unwavering, and essentially inexhaustible.  So what is used is the credit of fabulously wealthy (wealth is not money, it is the sum of natural resources, and the productivity and ingenuity of a population) nation.  That nation, in turn, profits from extending its credit (the United States profits a great deal by being the world's reserve currency).  Although technically there is still a "valuable item" (the nation's wealth) at the end of things, it is a conglomeration, which makes it much more steady and stable.

Currency backed by credit can still suffer from the two problems I mentioned earlier if the credit is suspect, but also if the currency is not managed correctly.  The most important aspect of currency management is to ensure that there is just enough of the proxy item to facilitate all of the desired economic activity, and no more.  So the managers of the currency must react to external events to keep the perceived value of the currency changing only very slowly.  In the US, we choose to hire macroeconomic experts to manage the currency and to respond appropriately to external events.  Some of the actions they take can appear to the small minded to be equivalent to printing cash in your basement (the problem with counterfeiting is not that you are printing cash, per se, it is that you are attempting to deceive people into believing that something is backed by the credit of the United States, when it actually isn't).  In spite of the mocking of these efforts by people who don't understand money, the US Dollar is the most effective reserve currency in history.

Again, money should be invisible, serving as nothing more or less than a perfect lubricant of economic activity.  It is the focus on money, rather than actual wealth, that can lead people to say with a straight face that the country with the best land on Earth, with 300 million of the most productive people in history, with a perfect credit rating and that backs the most widely used reserve currency in history is "broke".
 
2014-01-31 12:11:11 PM  

Hollie Maea: What is it with conservatives who don't understand what money is or how it works?


"But the extraordinary has become the norm. America's Federal Reserve is still printing money to buy bonds and has made it clear that it will not raise short-term rates at least until unemployment, now close to 8%, falls to 6.5%."

-- From The Economist magazine, Apr 6th 2013

When people say the Federal Reserve is printing money to buy debt, that means it's printing money to buy debt. While technically the Treasury department does the actual money printing, the Federal Reserve dictates whether to do it not.

This is basic information not some shocking secret. The Economist is not some fringe (left or right) blog, it's been in print since 1843.
 
2014-01-31 12:16:14 PM  

JungleBoogie: Hollie Maea: What is it with conservatives who don't understand what money is or how it works?

"But the extraordinary has become the norm. America's Federal Reserve is still printing money to buy bonds and has made it clear that it will not raise short-term rates at least until unemployment, now close to 8%, falls to 6.5%."

-- From The Economist magazine, Apr 6th 2013

When people say the Federal Reserve is printing money to buy debt, that means it's printing money to buy debt. While technically the Treasury department does the actual money printing, the Federal Reserve dictates whether to do it not.

This is basic information not some shocking secret. The Economist is not some fringe (left or right) blog, it's been in print since 1843.


Again, the stupidity is in comparing the actions of the federal reserve to those of a counterfeiter.
 
2014-01-31 12:55:32 PM  

CaliNJGuy: $20?  dare to dream


Chance of having a 20$ bill scrutinized:  Nearing Zero
Chance of any higher denomination:  Nearing 100%.
 
2014-01-31 01:22:23 PM  

Hollie Maea: SewerSquirrels: Hollie Maea: If you are whining about the fed "printing money", you don't understand money.

Precious metal backed currency is not money. It is an extension of the barter system.

Isn't money just an extension of the barter system? I get that money in itself is a commodity and if everyone printed their own it would be bad, but I'm not sure I follow your point there.

Alright...here is a primer (seriously, this is first grade stuff ) on what money is and how it works.

Money is a device intended to facilitate economic activity.  It greatly improves the efficiency of economic activity by allowing the two sides of an economic transaction to not happen simultaneously--I don't have to find someone who not only wants what I have, but also has something that I want.  That requirement is the main drawback of the barter system.

Precious metal backed currency attempts to improve on the barter system by getting everyone to agree to keep amounts of a specific valuable item, whether they need it or not, so that this can be used as a proxy for the item that they actually desire.  But under this system, the currency is still a valuable item.  Although many people today (who, incidentally, have spent little to no portions of their lives in a "precious metal" system) consider this to be a feature, it is actually a bug.

Since money is used to efficiently FACILITATE economic transactions, the most important job for it to do is to be as invisible as possible and stay out of the way.  When the currency itself has value, then it can become a distraction, with the transaction becoming all about the currency instead of being about the economic transaction it is supposed to facilitate. The two most obvious ways that a currency can get in the way of the economic activity it is supposed to facilitate are 1. If it is perceived that the currency will not represent as much goods and services when the economic transaction is completed than it is today.  This can lead to a refusa ...


Printing money when the top men think it needs to be printed only hurts people who save, specifically poor and middle class people who see the purchasing power of their savings reduced, yet don't have the same access to the new money the way the rich.  This is SOOO much better than the possible problems of people "hoarding" tangible currency (metals, etc.)
 
2014-01-31 01:27:35 PM  

pedrop357: Printing money when the top men think it needs to be printed only hurts people who save, specifically poor and middle class people who see the purchasing power of their savings reduced, yet don't have the same access to the new money the way the rich.  This is SOOO much better than the possible problems of people "hoarding" tangible currency (metals, etc.)


If you think that inflation levels have been too high recently, you might be a moron.
 
2014-01-31 01:31:53 PM  

Hollie Maea: pedrop357: Printing money when the top men think it needs to be printed only hurts people who save, specifically poor and middle class people who see the purchasing power of their savings reduced, yet don't have the same access to the new money the way the rich.  This is SOOO much better than the possible problems of people "hoarding" tangible currency (metals, etc.)

If you think that inflation levels have been too high recently, you might be a moron.


If you think I said that inflation levels have been too high recently, you might be a moron.
 
2014-01-31 01:45:36 PM  

Hollie Maea: Again, money should be invisible, serving as nothing more or less than a perfect lubricant of economic activity.  It is the focus on money, rather than actual wealth, that can lead people to say with a straight face that the country with the best land on Earth, with 300 million of the most productive people in history, with a perfect credit rating and that backs the most widely used reserve currency in history is "broke".


Perfect credit rating? Just who would that be? Not the USA any more.
 
2014-01-31 01:46:22 PM  

pedrop357: Hollie Maea: pedrop357: Printing money when the top men think it needs to be printed only hurts people who save, specifically poor and middle class people who see the purchasing power of their savings reduced, yet don't have the same access to the new money the way the rich.  This is SOOO much better than the possible problems of people "hoarding" tangible currency (metals, etc.)

If you think that inflation levels have been too high recently, you might be a moron.

If you think I said that inflation levels have been too high recently, you might be a moron.


OK, then we agree.  The "top men" are doing a good job of managing the currency.
 
2014-01-31 01:48:19 PM  

lenfromak: Hollie Maea: Again, money should be invisible, serving as nothing more or less than a perfect lubricant of economic activity.  It is the focus on money, rather than actual wealth, that can lead people to say with a straight face that the country with the best land on Earth, with 300 million of the most productive people in history, with a perfect credit rating and that backs the most widely used reserve currency in history is "broke".

Perfect credit rating? Just who would that be? Not the USA any more.


The point I was trying to make is that we had a perfect credit rating when the moron brigade started saying we were broke.  The current lack of a perfect credit rating is a direct result of those idiot brokemeisters. (Although our credit rating is still extremely good, and we continue to not be "broke")
 
2014-01-31 01:50:51 PM  

Hollie Maea: pedrop357: Hollie Maea: pedrop357: Printing money when the top men think it needs to be printed only hurts people who save, specifically poor and middle class people who see the purchasing power of their savings reduced, yet don't have the same access to the new money the way the rich.  This is SOOO much better than the possible problems of people "hoarding" tangible currency (metals, etc.)

If you think that inflation levels have been too high recently, you might be a moron.

If you think I said that inflation levels have been too high recently, you might be a moron.

OK, then we agree.  The "top men" are doing a good job of managing the currency.


Only if you think in small/short terms.
 
2014-01-31 01:55:07 PM  

Hollie Maea: lenfromak: Hollie Maea: Again, money should be invisible, serving as nothing more or less than a perfect lubricant of economic activity.  It is the focus on money, rather than actual wealth, that can lead people to say with a straight face that the country with the best land on Earth, with 300 million of the most productive people in history, with a perfect credit rating and that backs the most widely used reserve currency in history is "broke".

Perfect credit rating? Just who would that be? Not the USA any more.

The point I was trying to make is that we had a perfect credit rating when the moron brigade started saying we were broke.  The current lack of a perfect credit rating is a direct result of those idiot brokemeisters. (Although our credit rating is still extremely good, and we continue to not be "broke")


What would your definition of "broke" be then?
 
2014-01-31 02:04:21 PM  

pedrop357: What would your definition of "broke" be then?


Well, since we are talking about nations here, I would say that Mali is broke.  Their land is unproductive, they don't have much in terms of natural resources, and their small population is unproductive due to war.'

Interestingly enough, they were once the wealthiest nation on earth due to favorable location on a trade route that no longer exists.
 
2014-01-31 02:05:12 PM  

pedrop357: Only if you think in small/short terms.


You've already conceded that they are doing well in terms of inflation control.  What would you say they are doing badly?
 
2014-01-31 02:11:49 PM  

Hollie Maea: What would you say they are doing badly?



maybe this
www.aei-ideas.org

Combine that increased debt with an eventual return to normal interest rates as QE continues to taper and that has just a few folks concerned.
 
2014-01-31 02:15:53 PM  

HeadLever: Hollie Maea: What would you say they are doing badly?


maybe this
[www.aei-ideas.org image 600x363]

Combine that increased debt with an eventual return to normal interest rates as QE continues to taper and that has just a few folks concerned.


What does the Fed have to do with national debt?
 
2014-01-31 02:22:35 PM  

Hollie Maea: Alright...here is a primer (seriously, this is first grade stuff ) on what money is and how it works.


I skipped remedial 1st grade economics in a failed attempt to stop being so dyslexic. I appreciate the explanation, though you seem to be setting some non-farkian precedent of explaining things instead of simply insulting everyone who disagrees with you.

Let me help get you back on the bandwagon: I am, in fact, dyslexic; certainly you should be able to work with that.
 
2014-01-31 02:26:11 PM  

Hollie Maea: What does the Fed have to do with national debt?


Since they are buying big chunks of it via QE, quite a bit.  How much?  Glad you asked:
research.stlouisfed.org
 
2014-01-31 02:29:40 PM  

Hollie Maea: What does the Fed have to do with national debt?


And furthermore, when the fed buying spree finally runs its course and interest rates are allowed to return to market based level, our interest expense on this national debt is going to really explode.  Hopefully, we will be in a decent growth position where we can deal with this better, however, I am pretty skeptical.
 
2014-01-31 03:33:19 PM  

lenfromak: Hollie Maea: Again, money should be invisible, serving as nothing more or less than a perfect lubricant of economic activity.  It is the focus on money, rather than actual wealth, that can lead people to say with a straight face that the country with the best land on Earth, with 300 million of the most productive people in history, with a perfect credit rating and that backs the most widely used reserve currency in history is "broke".

Perfect credit rating? Just who would that be? Not the USA any more.


After the USA's credit was "downgraded" it became cheaper for the USA to borrow money. So, there are "ratings" and there are "ratings". The suspicion that the ratings agencies were trying to have a political, rather than an economic, effect is strong.
 
2014-01-31 05:35:19 PM  

yakmans_dad: After the USA's credit was "downgraded" it became cheaper for the USA to borrow money


That is mostly because our debt issuance has been mostly detached from the market by QE.  When you have the fed buying the vast majority of your debt, credit ratings really don't mean much.
 
2014-01-31 05:39:33 PM  

HeadLever: yakmans_dad: After the USA's credit was "downgraded" it became cheaper for the USA to borrow money

That is mostly because our debt issuance has been mostly detached from the market by QE.  When you have the fed buying the vast majority of your debt, credit ratings really don't mean much.


QE doesn't actually do anything except play pretend. The bond market hasn't been changed by QE.
 
2014-01-31 06:00:14 PM  

yakmans_dad: The bond market hasn't been changed by QE.


Bzzzt Wrong.
 
2014-01-31 06:37:15 PM  

Hollie Maea: lenfromak: Hollie Maea: Again, money should be invisible, serving as nothing more or less than a perfect lubricant of economic activity.  It is the focus on money, rather than actual wealth, that can lead people to say with a straight face that the country with the best land on Earth, with 300 million of the most productive people in history, with a perfect credit rating and that backs the most widely used reserve currency in history is "broke".

Perfect credit rating? Just who would that be? Not the USA any more.

The point I was trying to make is that we had a perfect credit rating when the moron brigade started saying we were broke.  The current lack of a perfect credit rating is a direct result of those idiot brokemeisters. (Although our credit rating is still extremely good, and we continue to not be "broke")


Sorry Holly, but if your credit rating can be destroyed by naysayers, it's only because it was all a lie to start with.

/"It wasn't the imperial tailor's fault the emperor ended up naked! It was that stupid mouthy kid!"
 
2014-01-31 10:19:49 PM  

HeadLever: yakmans_dad: The bond market hasn't been changed by QE.

Bzzzt Wrong.



Did you catch the date?
 
2014-01-31 10:36:10 PM  

Tatterdemalian: if your credit rating can be destroyed by naysayers


Uh,..that's not what happened.  It was downgraded because Congress threatened to purposefully refuse to pay bills.
 
2014-01-31 11:42:55 PM  

yakmans_dad: Did you catch the date?


Just short of 3 years ago.  how does that change the point at all?  Just because the study was not completed yesterday doesn't mean that its findings are no longer applicable.  If you want to refute the study you are going have to do better than that.
 
2014-02-01 09:03:05 AM  

HeadLever: yakmans_dad: Did you catch the date?

Just short of 3 years ago.  how does that change the point at all?  Just because the study was not completed yesterday doesn't mean that its findings are no longer applicable.  If you want to refute the study you are going have to do better than that.


Economics is to science the way my cat is to bicycles. Micro is accounting. Macro is politics with charts. Today after billions of purchased assets the rate the market pays for American treasuries is unchanged. If QE had an effect, the rates on long term treasuries would be through the roof. After all, the assets the fed has purchased must be sold some day. If they had an effect, those assets wouid make investors demand more for their 10 year, 20 year purchases. QE is a pledge of good faith.
 
2014-02-01 10:18:22 AM  

Hollie Maea: Uh,..that's not what happened.  It was downgraded because Congress threatened to purposefully refuse to pay bills.


It's what you said "happened." But that's okay, after your wall-o-text it was pretty obvious you're just grasping at any straw you can to blame anything bad on Republicans, apparently in the hopes people won't notice they actually have very little power to do anything but be scapegoats for The One.

/when Obamacare fails, it will be because the Republican party still exists, and that's enough to ruin all the perfect plans
//just like Stalin's "wreckers" and Marx's "kulaks"
///and Hitler's Jews
 
2014-02-01 10:22:48 AM  
Yeah, keep filtering me. Haven't laughed this much since you replaced "Cuba" with "Brazil" in that other post.

/apparently I'm important enough to be targeted for these special filters
//keep your eye on the clown, I can plan around that too
 
2014-02-01 12:08:25 PM  

yakmans_dad: Today after billions of purchased assets the rate the market pays for American treasuries is unchanged. If QE had an effect, the rates on long term treasuries would be through the roof.


Not if they keep buying these treasuries, which they have.

If they had an effect, those assets wouid make investors demand more for their 10 year, 20 year purchases.

You apparently don't know what QE is.  Again, when the fed is the one purchasing the vast majority of the debt, the other investors really don't matter much.  Now that the fed purchasing program is tapering off, now we will see what 'investors demand'.  Now we will see what happens when the junkie pulls the needle out of his arm.
 
Displayed 73 of 73 comments

View Voting Results: Smartest and Funniest


This thread is closed to new comments.

Continue Farking
Submit a Link »
Advertisement
On Twitter





In Other Media


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report