A Modest Proposal: G.R.E.E.D.

Discussion in 'Politics' started by boedicca, Apr 15, 2012.

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Should the Fed give everyone $10M loans?

  1. Yes, it's time to Spread The Wealth Around.

    0 vote(s)
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  2. Yes, it's time to Stop Worrying and Love The Debt Bomb.

    0 vote(s)
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  3. No, my head hurt's contemplating all those Zeros.

    33.3%
  4. No, I'm not that into $5,000 Grande Lattes at Starbucks.

    33.3%
  5. Yes, G.R.E.E.D is Good!

    0 vote(s)
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  6. Yes, it's about time I got me some of that HopenChange!

    0 vote(s)
    0.0%
  7. But who will mow our lawns?

    33.3%
  1. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Sheila Blair has put forward A Modest Proposal in which the Fed would give everyone $10M. Why should only the 1% benefit from the Zero Interest Rate Policu?

    Are you concerned about growing income inequality in America? Are you resentful of all that wealth concentrated in the 1 percent? I’ve got the perfect solution, a modest proposal that involves just a small adjustment in the Federal Reserve’s easy monetary policy. Best of all, it will mean that none of us have to work for a living anymore.

    For several years now, the Fed has been making money available to the financial sector at near-zero interest rates. Big banks and hedge funds, among others, have taken this cheap money and invested it in securities with high yields. This type of profit-making, called the “carry trade,” has been enormously profitable for them.

    So why not let everyone participate?

    Under my plan, each American household could borrow $10 million from the Fed at zero interest...



    Sheila Bair's Modest Proposal To Fix Everything: Hyperinflation | ZeroHedge
     
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  2. Two Thumbs
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    Two Thumbs Platinum Member

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    Dat be da awesome!!

    We can all be dirt poor millionaires!!
     
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  3. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Why on earth would i borrow money i wasnt confident I could pay back, regardless of what the interest is?
     
  4. Two Thumbs
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    Two Thumbs Platinum Member

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    B/c you can borrow more to pay it off.

    silly man and your "reason" and "common sense".

    pfft
     
  5. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Satire, bub.
     

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