hey

the fed buys with zero real cost dollars

yes opportunity cost remains

so its an intelligent question to ask

why buy toxic shit??

the theory is by

off loading the stuff

the corporate credit system will revive

the fed could eat all the shit
it wants to

and pay good dollars for em

the tax ??

price level effects
of a larger money stock

if prices are in decline
maybe that isn't even a negative consequence

certainly not

as much as if prices are already in upcline

which they are not

debtor class rules eh ???

recall
corporate leaverage

is the driver

behind debtor class clout

the system is too self producing
to validate simple home spun reasoning or virtues

Posted by pinky at 03:48 PM