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

[boedicca]

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

 

[Two Thumbs]

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

Dat be da awesome!!

We can all be dirt poor millionaires!!

 

[Avatar4321]

Why on earth would i borrow money i wasnt confident I could pay back, regardless of what the interest is?

 

[Two Thumbs]

Why on earth would i borrow money i wasnt confident I could pay back, regardless of what the interest is?

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

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

pfft

 

[boedicca]

Why on earth would i borrow money i wasnt confident I could pay back, regardless of what the interest is?

Satire, bub.