It's OK to print money to finance splendid wars. It's OK to print money to bail out banksters.

[phantom power]

But printing money for demand-side stimulus (i.e. helping out regular people)? Irresponsible! Our Very Serious Leaders Would Never Consider Such A Thing.

He is probably correct in his assessment of the best channel for QEII stimulus as envisioned, but we should not forget that they could also, in theory, print money and give it to poor people and that would be a much better stimulus.

This approach eased financial conditions in the past and, so far, looks to be effective again. Stock prices rose and long-term interest rates fell when investors began to anticipate the most recent action. Easier financial conditions will promote economic growth. For example, lower mortgage rates will make housing more affordable and allow more homeowners to refinance. Lower corporate bond rates will encourage investment. And higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending. Increased spending will lead to higher incomes and profits that, in a virtuous circle, will further support economic expansion.

But owners of big stock portfolios are deserving of help, and poor fuckers working minimum wage jobs are not.

http://www.eschatonblog.com/2010/11/stimulating-plutocrats.html

[chelsea0011]

1. Relax. It will all trickle down to you.

[Subdivisions]

2. What mind-fucks me on QE2 is that there is already $1 Trillion

dollars sitting out there from the previous printing that has not been loaned out.

[felix_numinous]

3. It's literally monopoly money.

IF this wasn't such a FUBAR'd world, we could declare that monopoly money was not worth the paper it was printed on, and start over using real currency, real payment for work and real compensation for people who have been swindled out of land, food and jobs using this fake money.

These guys have manufactured their wealth, manufactured their entitlement and are in the process of taking this whole country.