Seeking Alpha

Nov Philly Fed Business Outlook

Comments (3)
  • permanent
    , contributor
    Comments (221) | Send Message
     
    Another sign of weakening in the economy. Money printing just does not help. I think we are at a point where it counterproductive.
    21 Nov 2013, 10:06 AM Reply Like
  • caupachow
    , contributor
    Comments (490) | Send Message
     
    I really think if QE was increased to $300 billion a month then everything would be fine, of course leave interest rates at 0%.
    21 Nov 2013, 10:56 AM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (11925) | Send Message
     
    I'll see your $300 billion and raise you $300 billion more. If this seems like we are playing with fake monopoly money there is a good reason for it. THIs is one good example why fiat money is doomed to failure. The enticement to create more and more of it without regards to consequence is too great and the rewards for those who do are only offset by all those who don't get any of the new money. Thus, there are no downsides to the winner of this print to infinity war besides someday what they print will be worthless, but so will everyone else's money. By that time they will own everything and everyone else will have jack squat.
    21 Nov 2013, 12:32 PM Reply Like
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