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(Caution: Some swearing involved.)
Posted at 08:37 PM in Economics, Humor | Permalink
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So...uhm, why does the Prime Minister of Canada (who is an economist) say this is the US's only option?
Mike Aubrey |
Nov 16, 2010 at 08:51 PM
Did Harper ever work at Goldman Sachs? ;-)
Seriously, there are some economists who think this is warranted but a great many think it is very risky. Inject too little, you fail to stimulate the economy while simply adding to a crippling debt. If the purchased assets go bad, then you've added even more to the fiscal crisis. Inject too much and you could get hyperinflation.
I will have a post up at Jesus Creed on the 18th that gives a serious look at the topic.
Michael W. Kruse |
Nov 16, 2010 at 10:14 PM
LOL. Thanks, Michael. You're my key information source for all things economic, and this is the reason why.
I feel much better now.
Nov 17, 2010 at 09:03 PM
Codepoke, you are welcome. The trick is not to let the quantitative easing give you quantitative queasing. ;-)
Michael W. Kruse |
Nov 18, 2010 at 11:51 AM
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