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Good thing the stimulus passed
Message
From
15/06/2009 10:46:24
 
 
To
15/06/2009 10:28:14
John Ryan
Captain-Cooker Appreciation Society
Taumata Whakatangi ..., New Zealand
General information
Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
01405895
Message ID:
01406075
Views:
40
>>Making 'profit on bailout' is your imagination; ~$2T deficit is the reality.
>
>Will you change your mind if they make a profit on the bail-out or will you simply deny it?

I suspect that you have incomplete understanding what 'profit' means in accounting terms. If you got your hands on printing press and 'produced' couple hundred bills, it is not a profit even you are able to use them in the near grocery store. Similarly, coin debasement well-known in historical annals was not a profit-producing measure, in accounting terms again. Currency debasement does not work here either. Do you understand things a bit better now? Do you know that Fed is the major (practically only one) buyer of Treasury bills at this point?
Edward Pikman
Independent Consultant
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