Lew Rockwell: 'We stand to face hyperinflation'

More and more economists are saying we are heading back to a recession and consumer confidence has plunged to new lows. While the concern sweeps the country there are some reports that the Federal Reserve would be doing some quantitative easing in September, but who does this benefit? Lew Rockwell, chairman of the Ludwig Von Mises Institute, tells us who will gain from the quantitative easing.

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[jonesey5168]

Nice tits RT

[pretorious700]

Obama has never made one substantive speech in his whole life...it's all platitudes and generalities.

[tilt2knight]

@pretorious700 That's because Obama's a malignant Narcissist.

[pyroseed13]

@rodneyorondeaujr Watch out, with that kind of intelligent talk, you are likely to get harassed by the Ron Paul fanatics haha

[rodneyorondeaujr]

QE is not inflationary in itself. This is just an asset swap whereas the banks swap bonds for cash. It prevents bank runs and drives down interest rates. Banks do not make loans based on the level of reserves the posess. It has a lot more to do with the demand for loans from creditworthty borrowers. This money is just sitting in the banking system and do not cause inflation as they are not being SPENT. You misrepresent this by implying that they actually print the money and ship it.

[lgarvey1979]

Get Obama off the job, quick.

[prjerry7]

@markusboyd3 zeitgeist wants people to be maintained by machinery. Its ridiculous to pretend that machinery could do all jobs in the world, zeintgeist somewhat knows this thus offers a few people to do all the necesary jobs for a few years, then retire & another generation does the needed work. Everything is done by the state, or whatever organization governs peoples. This is socialism & its flaw is that it maintains the lazy thus rewards it, its false premise is that people are benevolent.

[markusboyd3]

@prjerry7 Could you expand on that rather predictable statement?

[drejtool]

Hahahah! BUT THE AMERICA HAS THE AAA STANDARD! ccc... This is just SAD :((((

And I and you can't do anything about it!

[Sivels]

@PolaDinara it's not capitalism for the poor... It's horrible dependency and concrete statist enviroments.

[prjerry7]

@markusboyd3 zeitgeist is socialism with technology, it still has the flaws of socialism