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Good thing the stimulus passed
Message
From
15/06/2009 18:00:19
 
 
To
15/06/2009 16:00:38
John Ryan
Captain-Cooker Appreciation Society
Taumata Whakatangi ..., New Zealand
General information
Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
01405895
Message ID:
01406242
Views:
40
> 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.
>
>Why are you insisting on assuming that this is what "profit" means? Did you not notice my earlier response that corrected this for you?
>
>Do you know that Fed is the major (practically only one) buyer of Treasury bills at this point?
>
>What does that have to do with the price of fish?

It means, sorry that I have to tell you simple things, that printing money do not increase societal wealth; it is actually destructive. When Fed prints money bills and lend them to banks and they return them back later on, no one makes 'profit'.
Maybe you should really talk/think about fish? No money/economic categories involved, silent creatures; you can tell them whatever you want.
Edward Pikman
Independent Consultant
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