Originally posted by KazetNagorraRe-read the post I was responding to in the first place and you'll have your answer.
So why do you bring up the trade deficit? Currency policy has not been a deciding factor.
Of course, currency policies have affected the trade deficit and everyone knows this - ask the Chinese.
Originally posted by no1marauderThey have some effect, yes. But Japan has a strong currency and a trade surplus, it's clearly not a decisive factor.
Re-read the post I was responding to in the first place and you'll have your answer.
Of course, currency policies have affected the trade deficit and everyone knows this - ask the Chinese.
Originally posted by KazetNagorraBecause Japan has a crap economy with depressed consumer spending + they have traditionally had a mercantilist economic policy anyway.
They have some effect, yes. But Japan has a strong currency and a trade surplus, it's clearly not a decisive factor.
If you really think that currency policy has little effect on trade, you should be telling the Germans, Chinese and South Africans that the Fed policy will have little or no effect on trade and therefore they should shut up.
Originally posted by generalissimoWait, you just told me that I was clueless for criticizing the stimulus plan. Now you are telling me the rest of the world is critisizing it as well? Apparently the entier world has just gone mad, eh general?
http://www.bbc.co.uk/news/business-11697483
[b]Germany, China, Brazil and South Africa have criticised US plans to pump $600bn (£373bn) into the US economy
"German Finance Minister Wolfgang Schaeuble said the US policy was "clueless" and would create "extra problems for the world".
The US Federal Reserve could weaken the US dollar and hurt e ...[text shortened]... ost.
He did not elaborate how the system should be changed."
.....
any thoughts?[/b]
Originally posted by finneganWhy didn't Obama invest in the infrastructure with all that money he flushed down the comode?
but but but from what I see "the people" are voting consistently AGAINST investment in your crumbling infrastructure, insanely supporting the Right Wing ideologues who fund entities like the Tea Party.
Originally posted by whodeyThis isn't the same as the stimulus whodey.
Wait, you just told me that I was clueless for criticizing the stimulus plan. Now you are telling me the rest of the world is critisizing it as well? Apparently the entier world has just gone mad, eh general?
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Originally posted by KazetNagorraDo you have access to an alternate universe in which Obama lost the '08 election and things got "far worse" than they are now because McCain was in there?
Do you have access to an alternate universe where the first QE never happened?
I do have access to history.
Originally posted by KazetNagorraThere's an alternate universe where people don't know the difference between fiscal policy and monetary policy. Most of them simply don't know the difference.
Do you have access to an alternate universe where the first QE never happened?
Part of the problem is that the education system needs to explain these things to people in a way that they will remember long after they've graduated.
Part of the problem is that some people just don't want to know the difference. Because QE2 sounds so cool. Even if it's followed by fxe2.
Originally posted by BartsSure it is. All they are doing is just throwing money around in a fiscally irresponsible way, only, using different methods.
This isn't the same as the stimulus whodey.
So if it is not a "stimulus" then what would you call it? I do realize that the term stimulus has become toxic so they try to find other terms to use. I know, how about the happy go lucky money plan?
Originally posted by whodeyHow exactly is the Fed plan "fiscally irresponsible"? It adds exactly zero to the fiscal budget and if successful to any degree would reduce the deficit by ramping up economic output thus increasing tax revenues and reducing automatic stabilizer spending.
Sure it is. All they are doing is just throwing money around in a fiscally irresponsible way, only, using different methods.
So if it is not a "stimulus" then what would you call it? I do realize that the term stimulus has become toxic so they try to find other terms to use. I know, how about the happy go lucky money plan?
Originally posted by no1marauderVery true, in fact Germany did a similar thing right before the second world war. Now just look at their strong economy. In fact, I dare say that had it not been for this centralized planning the world would have ended as we know it.
How exactly is the Fed plan "fiscally irresponsible"? It adds exactly zero to the fiscal budget and if successful to any degree would reduce the deficit by ramping up economic output thus increasing tax revenues and reducing automatic stabilizer spending.
Originally posted by whodeyIf it had not been for centralized economic planning in the US during WWII the world would be a far different place that's for sure.
Very true, in fact Germany did a similar thing right before the second world war. Now just look at their strong economy. In fact, I dare say that had it not been for this centralized planning the world would have ended as we know it.