Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
By encouraging Americans to believe prices will start rising at a faster pace, the Fed would reduce inflation-adjusted interest rates and stimulate the economy.

Wait - what? Inflation goes up, real purchasing power decreases, people borrow more from bankrupt banks that aren't lending to make up the gap, the economy grows?

Is this a plan or a comedy sketch?

by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Oct 14th, 2010 at 08:10:20 AM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

The UK Left and Brexit

by car05 - Aug 27
3 comments

Brutish, Nasty, Prolonged

by john_evans - Aug 18
25 comments

Periphery, migration & decline

by Metatone - Aug 14
24 comments

1930s in social media

by DoDo - Aug 11
91 comments

It's "Whose Economy, Stupid?"

by Helen - Aug 3
32 comments

Recent Diaries

Occasional Series