The logic of the day

18 September 2009 by Mike Gogulski
Posted in economics | 5 Comments »

Translated from Martin Rojko’s Súkromné vlastníctvo blog:

If the pressure of new money can cause growth in the economy, why not then pump it in massively, and evoke tremendous economic growth? By doing so, the central banks could long ago have created everlasting prosperity on earth for every individual.

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  1. 5 Responses to “The logic of the day”

  2. By graaaaaagh on 19 September 2009

    This guy sounds economically retarded.

  3. By Mike Gogulski on 19 September 2009

    Perhaps your ability to recognize sarcasm is impaired?

  4. By Kelly Patterson on 19 September 2009

    I like it. A c-note in every pot.

  5. By Jeff Molby on 19 September 2009

    Sarcastic or not, it’s an easily answered question and a poor argument. I’m not a fan of central banking, but there are libraries full of evidence that monetary expansion can kickstart things. The problem with that whole mindset is that the money has to be pulled back out of the system at just the right time or you’ll undo your gains (or make the situation even worse than it was) and they have the arrogance to think they can dance with the devil like that.

  6. By graaaaaagh on 20 September 2009

    Indeed, it must be.

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