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I'm not entirely sure why you're being voted down. I would like to see more detail from you, but I get the feeling that a Reddit mentality of "I don't like this

• rayiner 14y ago
  He's being voted down because he deserves it. His comment is based 100% on ideological handwaving. It's really no different than saying that something is "blasphemy" except he's espousing a different religion.
• jwallaceparker 14y ago
  Thanks. :) A sound, stable currency is an essential component to a free market. When a currency is manipulated it can drastically upset the natural balance within a marketplace. When money is cheap (i.e. artificially low interest rates combined with Fed pumping new money into system) it leads to malinvestment. Consumers buy things they wouldn't normally buy. Companies invest in projects they normally wouldn't invest in. There is an initial "boom" (i.e. asset prices rise) that comes from people spending the easy money. But it can't last because the spending didn't come from savings or underlying productivity increases. It came from artificial stimulus. I'm glossing over a lot of points here, but it's called "business cycle theory" if you care to investigate.
  • mbetter 14y ago
    > When money is cheap (i.e. artificially low interest rates combined with Fed pumping new money into system) it leads to malinvestment. This assertion is observably false in the current economy.
• shardling 14y ago
  It's because it's a glib fucking comment.