Quantitative Easing

International Money Pile in Cash and Coins

International Money Pile in Cash and Coins (Photo credit: epSos.de)

Easier for whom?

Easier to raise imported gas prices after the election and blame the oil producers for it?
Easier to cause inflation?
Easier for banks to make money?
Easier to make the rapidly expanding national debt appear to be not so high by lowering the value of the money the government owes?
Easier to artificially inflate stock values so that the economy looks more like it’s recovering just before the election?
Easier for professional stock brokers to make money playing the resulting bubble?
Easier for sitting Presidents to get reelected in a rosy-looking economy?
Easier for a certain Fed director to protect his job after Romney has said he’d fire him?

Hmmm…Somehow it just doesn’t look any easier to me.

Sorry.

Inflation hurts every American, not just the rich.
Higher gas prices hurts every American, not just the rich.
A phony stock market value bubble is not growth, it is an investment trap that makes the stock market more volatile.
Cooking the numbers on the economy just before an election in order to keep your own job is dishonest.
Short-term, phony fixes that do more damage down the road are irresponsible.
Spending our tax money to buy up debt now so that we can pay more at the pump and grocery counter later will not help economic growth, it’ll suffocate it.

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~ by Bill Housley on September 17, 2012.

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