3 ms·
1) The bailout consists of loans 2) When a loan from the Fed is repaid, the "printed" money ceases to exist, so slightly more money is ultimately destroyed. Th
by nerfhammer 16y ago
1) The bailout consists of loans
2) When a loan from the Fed is repaid, the "printed" money ceases to exist, so slightly more money is ultimately destroyed. The "gobs of cash" are not "simply printed".
3) There is no evidence of either price or monetary inflation actually occurring, as both price levels and the money supply tends to contract along with economic contraction
4) "bailed our companies" != wealth transfer to the rich