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- Yellen's sentiment was echoed by Chicago Fed president Charles Evans, though he tempered his enthusiasm for wide-scale stimulus by calling current policy 'sobering.' "By historical standards, our current fiscal debt is not unusually large; but our expected future obligations are enormous." (full speech)
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This news story has 4 comments:
1. If you are rich, we will keep you rich.
2. If you are not, even if financially prudent, your money will go towards number one.
1. If you are rich, we will keep you rich.
2. If you are poor because you have no marketable skills and don't care to acquire any, spend too much, and/or can't be bothered to look after yourself, we will give you money to support your bad habits.
3. If you are not "you" in (1) or (2), you are "we" in (1) and (2), and if you don't like it you're welcome to join "you" in (2) by accepting an unlimited stay in federal prison.
Some days it sounds a lot better than working for a living.
On Jan 04 10:34 PM Jackson Cash wrote:
> Translation:
>
> 1. If you are rich, we will keep you rich.
>
> 2. If you are not, even if financially prudent, your money will
> go towards number one.
On Jan 04 11:50 PM bearfund wrote:
> Almost but not quite; a bit too much class warfare and not quite
> enough both sides against the middle. A better expression would be:
>
>
> 1. If you are rich, we will keep you rich.
>
> 2. If you are poor because you have no marketable skills and don't
> care to acquire any, spend too much, and/or can't be bothered to
> look after yourself, we will give you money to support your bad habits.
>
>
> 3. If you are not "you" in (1) or (2), you are "we" in (1) and (2),
> and if you don't like it you're welcome to join "you" in (2) by accepting
> an unlimited stay in federal prison.
>
> Some days it sounds a lot better than working for a living.
>
> On Jan 04 10:34 PM Jackson Cash wrote: