Ad hominem. Ad nauseam. Veiled and overt. Your inability read with your critical faculties engaged is reflected in your arguments and thus their credibility. I'll try and address your points anyway.
1. Strawman. I made no mention about Thatchers preferences for one charlatan or another. My comment was on the varied progenitor ideologies of the deluded narcissist in contemporary finance.
2. False cause. The Great Depression was a deflationary depression. More liquidity would have indeed helped. Our current situation is on the cusp of hyper-inflationary. This fact is exacerbated by central banks setting low base rates and the reality hidden by heavily massaged statistics. Printing more money is the wrong tool in this case and if even I know that then it isn't being done through incompetence. So why is it being done?
3. Ad hominem, genetic fallacy. You have no data on the source of my education. You could have saved yourself some characters and used the phrase most commonly used to try and discredit people with cynical views: "Conspiracy theorist."
4. Appeal to authority. Enough said.
5. Bandwagon. Strawman. Ad hominem.
6. Your withdrawal from the discussion is the wisest thing you have said. Maybe you should consider doing it preemptively next time.
7. Strawman. Ad hominem. If you read my post you will see that despite the nature of the humor there is very little in the way of personal attacks.
Finally. What would I do differently?
Abolish fractional reserve banking, it is a corrupt and inescapable spiral of debt designed to enslave us (otherwise known as usury.) Remove the power to print money from the central banks. Reinstate a gold standard. Abolish interest. Separate institutional and retail banks and heavily regulate both. Create governmental mechanisms to combat corporate regulatory capture. Abolish corporate lobbying of the governments. Allow all corporations to default regardless. Investigate and prosecute (with heavy jail time, not fines) the people responsible for financial crimes, with retroactive effect after the many legal but corrupt ongoing practices are made illegal. Set a minimum transaction time for HFT. Nationalise and heavily regulate commodity exchanges. Re-nationalise and heavily regulate all the publicly used infrastructure sold in the last 50 years. Work to eliminate national debt and then ban governments from borrowing. Abolish income tax.
I could go on but I'm sure you have had your fill. Good night.
QE might be construed as a necessary evil because it is the engine of pensions for example, it is also propping up the insurance market that our beloved Lloyds of London relies on. QE offers the sustenance within which the government provides and the large conglomerates purchase and supply "bonds". These bonds are the 'apparatus' of tomorrows finances. Without them we wouldn't have future salaries for the elderly, insurance backing in the event of massive payouts etc. The problem is. there comes a time when the government have to pay out on these 10,15,25yr bonds at varying rates and all they are doing (it seems) is storing up majot debt for the future. Example: Let's say that the US debt ceiling isn't honoured in Feb 2014. Technically the government 'could' say that they are NOT honouring their bonds because they are borderline bankrupt. This would mean that your pension pot would dissappaear overnight, your insurance policy wouldn't pay out. Now this is TOTALLY unheard of, but is it........................ The Q is: Does the, can the government contemplate paying ALL their debts in strict rotation? What would you rather have: A nation of civil servants unemployed [Young fit and healthy] OR a bunch of doddery old retirees baying for blood. QE is perhaps a necessary evil provided the government are preparing for the day they have to pay it all back....... And the only way to pay QE back is................................rate rises OMG! I swore.
Wow, just take a look around you. The ongoing economic ****storm is the direct result of Keynesian acolytes huffing the crack pipe passed down by the demidemon Thatcher, champion of the libertarian free market meme.
If you think QE is a "necessary evil" you are only half right. Evil it truly is, necessary it is not. QE is in essence the theft of purchasing power by private banks via collusion with the central banks and governments. They create enormous amounts of money which sits in dark pools, never reaching the wider economy outside of the banks and only serving to steal from us.
You really need to educate yourself to the reality of the greatest theft and power grab in human history.
ola amigos,not to disagree but economics is not exact sience,event accounting has explored levele of liberalisam and creativity.in my appinion it is sentiment thah has big price, and that changes=sp change
Try thinking outside of your little box for a change. Go educate yourself in basic economics, start with whats "good and whats bad". Maybe Ben Bernanke could pass as Father Christmas....wad you think?....handing out ballons.
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