QE increases exports and decreases imports. this will cause imported goods (GM, Chrysler, and all of your precious electronics) to have a higher price while exports or domestic products (toyota, honda) are cheaper. this creates more jobs. as long as this is temporary it will work. the classical method of macro econ would take 20-30 years to come to an equilibrium this should take 4-5...
@apkleber. Assuming that Ben Bernanke does QE in isolation and the dollar is allowed to devalue. It may or may not have escaped your notice but quite a few other countries in the world have a financial crisis and are trying to pull the same stunt as the beardy weirdy one. So it just becomes a game of 'who can print money the fastest in a bid to devalue currency'. Result - impoverished working classes as inflation outstrips wage increases. Great result. It never works, printing money.
Too bad he isn't honest, accountable and a Constitutionalist.
The Federal Reserve is a hoax.
It's The Creature From Jeckyl Island.
btr2oz 6 days ago
Nice video, but that Einstein definition is non-sense. lol
seppsters 5 months ago
LOL. The Ben Bernanke. Funny clip, very informative
MrFrankie401 6 months ago
Quantitative easing sucks, why are we repeating mistakes? Oh yeah, democrats don't learn from mistakes.
btr2oz 6 months ago
@btr2oz If you're talking about Congress and the President then, yeah. But I'm pretty sure Bernanke is a Republican.
tulpengekte 6 months ago
@btr2oz i dont think either democrats or republicans are learning much .
throwerofturds 2 months ago
@btr2oz bernanke is a republican
FirebirdCamaro1220 6 days ago
Maker of this cartoon seem to explain these things similar to what Ron Paul have been saying for decades! Ron Paul 2012!!
sga86 7 months ago
Goldman Sachs is raping America through the Quantitative Easings
supersonicgamerguru 1 year ago 17
@supersonicgamerguru Not only America
albie071 7 months ago
Excellent use of the definite article "the". It reminds me of ESL courses...
aurum2007 1 year ago
It was weird at first but for some reason I grew fond of it.
MoaiMaea 1 year ago 4
QE increases exports and decreases imports. this will cause imported goods (GM, Chrysler, and all of your precious electronics) to have a higher price while exports or domestic products (toyota, honda) are cheaper. this creates more jobs. as long as this is temporary it will work. the classical method of macro econ would take 20-30 years to come to an equilibrium this should take 4-5...
apkleber 1 year ago
@apkleber. Assuming that Ben Bernanke does QE in isolation and the dollar is allowed to devalue. It may or may not have escaped your notice but quite a few other countries in the world have a financial crisis and are trying to pull the same stunt as the beardy weirdy one. So it just becomes a game of 'who can print money the fastest in a bid to devalue currency'. Result - impoverished working classes as inflation outstrips wage increases. Great result. It never works, printing money.
hartleyjr 1 year ago
@apkleber putting band-aids on a deep cut just slows down the death. this ones going to need surgery.
danalexsmith 8 months ago
@apkleber
danalexsmith 8 months ago
Thanks for the post. I wish more people would pay attention to what's going on!
debraven23 1 year ago