40 ms·

No matter how many times it is explained, at the end of the day people who are not me and who have no real valid claim to free money are being given free money

No matter how many times it is explained, at the end of the day people who are not me and who have no real valid claim to free money are being given free money and allowed to profit off of it.

geggam 7y ago
^ this is they key to being wealthy, counterfeiting :)
- 0x445442 7y ago
  That and when running a business you get to keep profits but someone else pays for your losses.
grandridge 7y ago
I wish more people here understood this.
29_29 7y ago
I was talking about the two levers the Fed has to guide the economy at work - Printing Money and Lowering interest rates (as described by Ray Dalio https://youtu.be/PHe0bXAIuk0 https://youtu.be/PHe0bXAIuk0). My coworker starry eyed, looked at me and said, "What about Quantitative Easing?". I responded that is printing money. I think the issue is, these concepts are given difficult sounding names, so people do not question their ethics. I'm not saying they are not needed - in a credit based economy it seems they are absolutely necessary, but perhaps they could be implemented in a way that doesn't so favor the rich.
- mars4rp 7y ago
  Yes, print money and pay for student loans!
  - Fjolsvith 7y ago
    Yes! Because we can postpone that bill to our future tax payers.
    - mars4rp 7y ago
      What bill? Printing money is not a bill
      - Fjolsvith 7y ago
        The student loans are.
- michalu 7y ago
  Except that "Quantitative Easing" is NOT "printing money"... it's just media who dubbed it "printing money" as it is a more clickbaity term that works better for driving traffic to the advertisement infested pages.
  - grandridge 7y ago
    It is exactly printing money, just the amounts are so large they just skip the paper and ink
    - geggam 7y ago
      And it's easier to move around, for a fee. Think of this business opportunity. Start a company where you imagine wealth into existence then loan it to others. Then you setup partner systems where you charge folks who use that wealth. A charge for each transaction. Zero overhead with a profit layer...
    - RhodesianHunter 7y ago
      When you put money into the market, but take bonds (which are a guaranteed future cash flow) out you are injecting liquidity temporarily, effectively trading current cash for more future cash. It's not the same thing as printing money and spending it and suggesting otherwise is either disingenuous or ignorant.
  - 29_29 7y ago
    Quantitative Easing could not exist without creating money. Its literally the Fed creating money to buy bonds to reduce interest rates.
    - 29_29 7y ago
      https://www.investopedia.com/terms/q/quantitative-easing.asp https://www.investopedia.com/terms/q/quantitative-easing.asp > Quantitative easing is an unconventional monetary policy in which a central bank purchases government securities or other securities from the market in order to increase the money supply

No matter how many times it is explained, at the end of the day people who are not me and who have no real valid claim to free money are being given free money and allowed to profit off of it.

geggam 7y ago

^ this is they key to being wealthy, counterfeiting :)

0x445442 7y ago
That and when running a business you get to keep profits but someone else pays for your losses.

grandridge 7y ago

I wish more people here understood this.

29_29 7y ago

I was talking about the two levers the Fed has to guide the economy at work - Printing Money and Lowering interest rates (as described by Ray Dalio https://youtu.be/PHe0bXAIuk0 https://youtu.be/PHe0bXAIuk0). My coworker starry eyed, looked at me and said, "What about Quantitative Easing?". I responded that is printing money. I think the issue is, these concepts are given difficult sounding names, so people do not question their ethics. I'm not saying they are not needed - in a credit based economy it seems they are absolutely necessary, but perhaps they could be implemented in a way that doesn't so favor the rich.

mars4rp 7y ago
Yes, print money and pay for student loans!
- Fjolsvith 7y ago
  Yes! Because we can postpone that bill to our future tax payers.
  - mars4rp 7y ago
    What bill? Printing money is not a bill
    - Fjolsvith 7y ago
      The student loans are.
michalu 7y ago
Except that "Quantitative Easing" is NOT "printing money"... it's just media who dubbed it "printing money" as it is a more clickbaity term that works better for driving traffic to the advertisement infested pages.
- grandridge 7y ago
  It is exactly printing money, just the amounts are so large they just skip the paper and ink
  - geggam 7y ago
    And it's easier to move around, for a fee. Think of this business opportunity. Start a company where you imagine wealth into existence then loan it to others. Then you setup partner systems where you charge folks who use that wealth. A charge for each transaction. Zero overhead with a profit layer...
  - RhodesianHunter 7y ago
    When you put money into the market, but take bonds (which are a guaranteed future cash flow) out you are injecting liquidity temporarily, effectively trading current cash for more future cash. It's not the same thing as printing money and spending it and suggesting otherwise is either disingenuous or ignorant.
- 29_29 7y ago
  Quantitative Easing could not exist without creating money. Its literally the Fed creating money to buy bonds to reduce interest rates.
  - 29_29 7y ago
    https://www.investopedia.com/terms/q/quantitative-easing.asp https://www.investopedia.com/terms/q/quantitative-easing.asp > Quantitative easing is an unconventional monetary policy in which a central bank purchases government securities or other securities from the market in order to increase the money supply