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Re: Election 2010: Teabaggin' the Ds & Rs
Quote:
Originally Posted by LessinSF
Spare me. The Fed is not printing money because there is a lack of bond buyers. Just fucking admit it. The Fed is printing, as the cartoon nails, to inflate. The alternative is addressing reality as explained by Obama's debt (two man) commission.
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Yes, they are trying to inflate. Since inflation is below the Fed's goal of 2% and millions of people are looking for jobs that don't exist, this is exactly what they should be doing. This obsession of fretting about inflation when rates are at historic lows is absurd.
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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