TakeAStepBack
Gold Member
- Mar 29, 2011
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QE does not lower debt loads. What it does do is increase the supply of money and credit. In turn, this devalues the currency. It's also the same policy that led to the housing bubble of 2008.
Lean to read dumbass. Its not QE its the effects of QE of which is higher inflation which lowers debt loads. Furthermore how you think providing people with more money so they can pay off debt doesn't result in them having less debt is just more proof that you are a retard
It is amazing that you think economic growth caused the housing bubble
If we followed your logic wed want 0 growth because then there would be no housing bubbles
Lean to read? And I'm the dumbass....
You have absolutely no clue how money and credit work. No one is providing anyone with more money. QE dumps money in banks to LOAN people on INTEREST. This spurs the psuedo-growth you think is so fabulous. It also devalues the currency by inflating monetary supply. The more money in rotation, the less it is worth. This causes price inflation as well.
QE is NOT ECOMONIC GROWTH, numb nuts. It inflates the money supply and the ability for people to spend money they do not have. That's how a debt society works.
I don't THINK that monetary expansion and artificially adjusted interest rates caused the meltdown in 2008. I KNOW it did. So does anyone one else that understands economics.