Economic Proposal
#1
Posted 11 October 2007 - 10:46 AM
#2
Posted 11 October 2007 - 10:56 AM
Mark S Young
Wall Street Sentiment
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#3
Posted 11 October 2007 - 10:57 AM
#4
Posted 11 October 2007 - 11:11 AM
Edited by Mtrader, 11 October 2007 - 11:11 AM.
JV
#5
Posted 11 October 2007 - 11:11 AM
#6
Posted 11 October 2007 - 11:19 AM
Ben Bernanke - Nov 2002
Edited by NAV, 11 October 2007 - 11:20 AM.
#7
Posted 11 October 2007 - 11:27 AM
I have a technology called a Xerox machine. But oddly, they won't let me use that to produce dollars.... and I'm just trying to help out...But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation.
Ben Bernanke - Nov 2002
#8
Posted 11 October 2007 - 11:28 AM
Never forget
But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation.
Ben Bernanke - Nov 2002
#9
Posted 11 October 2007 - 11:42 AM
I think the Nobel Prize is not out of reach.
I think Al Gore has that locked up.
IT
#10
Posted 11 October 2007 - 11:43 AM