4 ms·

If you print $100 in your basement it is counterfeiting, punishable with 25 years in prison. If you print 1 trillion as a banker it is called" "a bold initiati

If you print $100 in your basement it is counterfeiting, punishable with 25 years in prison. If you print 1 trillion as a banker it is called" "a bold initiative to calm market tumult".

rankam 7y ago
Counterfeiting is creating something that is fake, but presenting as real. Counterfeiting has nothing to do with quantitative easing and you shouldn't conflate them.
- bigbob2 7y ago
  What is the justification for considering one to be fake and the other real?
  - virmundi 7y ago
    The government is considered the sole producer of currency. As such they are the hallmark of valid money. Anyone in the basement is creating a knock off.
RobRivera 7y ago
This is a misrepresentation of the complexities of financial services, monetary, and fiscal policy. Say what you will about the carelessness of risk-taking, shortterm thinking of the banks, but please don't misrepresent reality
- amznthrowaway5 7y ago
  Same nonsense we were told in 2008. The financial stuff is far too complicated for us mere mortals to judge, leave it all up to the bankers. All of this despite the fact that economics is a corrupt pseudoscience.
ipnon 7y ago
These are short-term loans, not a gift.
- deleted 7y ago
  [deleted]