- Fri Dec 01, 2017 3:51 pm
#491858
QE is not Supply-side economics. QE was creating funny money by increasing the money given to the banks to loan. The two aren't even on the same playing field.
Stinky Pete wrote:I know you like to argue points whether you actually believe them or not. You can't constantly complain about QE, and then turn around and praise Reagan. Reagan was the king of QE. He spent trillions of dollars that we didn't have, and built up a massive debt that later had to be dealt with. Anyone could achieve those results (in the short term) by borrowing huge amounts of money without any plan to repay it. That doesn't make it a "success" any more than than someone who bought a huge home with a loan they couldn't really afford, and lived in it for a few years until they got foreclosed on.
QE is not Supply-side economics. QE was creating funny money by increasing the money given to the banks to loan. The two aren't even on the same playing field.
Phaedrus liked this
It's not that what you say is wrong, it simply a matter of perspective.
Walter E. Williams, professor of economics at GMU, stated "Government income redistribution programs produce the same result as theft. In fact, that's what a thief does; he redistributes income. The difference between government and thievery is mostly a matter of legality
Walter E. Williams, professor of economics at GMU, stated "Government income redistribution programs produce the same result as theft. In fact, that's what a thief does; he redistributes income. The difference between government and thievery is mostly a matter of legality