tag:blogger.com,1999:blog-2098432983500045934.post3647165220014808787..comments2024-03-12T22:19:32.339-04:00Comments on The New Arthurian Economics: Anatole Kaletsky: How about quantitative easing for the people?The Arthurianhttp://www.blogger.com/profile/16501331051089400601noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2098432983500045934.post-19727794778905186972012-08-10T12:51:57.226-04:002012-08-10T12:51:57.226-04:00HMN -
You are missing the point. Bankers don'...HMN -<br /><br />You are missing the point. Bankers don't give a rat's ass about real labor output. Derivatives pour money into their already over-stuffed pockets. There is no social contract. Only greed.<br /><br />Art -<br /><br />Your points are well taken. <br />The reason QE is policy is the belief that spending results from a wealth effect. I think I pretty effectively skewered that idea, and showed that spending is an income effect.<br /><br />http://www.angrybearblog.com/2012/01/wealth-vs-income.html<br /><br />http://www.angrybearblog.com/2012/02/income-and-consumption.html<br /><br />http://www.angrybearblog.com/2012/03/1-spending-as-fraction-of-net-worth-tim.html<br /><br />Debt relief is good. Preventing future debt is also good.<br /><br />JzBJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-31043414573635381682012-08-05T17:13:02.151-04:002012-08-05T17:13:02.151-04:00I assume that there is some model that suggests th...I assume that there is some model that suggests that bonds have future cash flow, where giving away money or forgiving debt has no economic value to banks. This may hit the hammer on the head in terms of understanding why our society is locked into this retarded game of corrupted bankers playing games with derivatives -- versus having a system that actually stimulates real labor output. In retrospect, many social programs are social contracts that provide stability to society -- so where did that go wrong, i.e., why isn't there future value in employment?<br /><br />DHHMNhttps://www.blogger.com/profile/16458219972151302129noreply@blogger.com