Money for Nothing(joehewitt.com)

8 pointsby bootloadvor 19 Jahren6 comments

http://www.joehewitt.com/blog/money_for_nothi.php

7 comments

impvor 19 Jahren

Really weird article. Did anyone that voted this up actually read it? All it says is that the Fed is to blame for the current bubble, but it doesn't explain anything.

FTA:

"Unfortunately, the Fed and its printing press have a policy of cheating the people that do honest work by flooding the economy with money that can be had by people who do nothing to earn it."

and later:

"It is difficult to explain the harmful effects of deliberate inflation to the average person..."

Xichekolasvor 19 Jahren

I agree, and posted a reply to it here:

http://xichekolas.blogspot.com/2007/05/too-much-free-money.html

Just my take on it.

joehewittvor 19 Jahren

Sorry for the lack of explanation, but I didn't intend to give an economics class, merely get something quickly off my chest and get back to work :)

impvor 19 Jahren

That's fine. I was just disappointed because it caught my attention as a new and interesting viewpoint, but didn't go in to much detail. I hope that you'll get a chance to elaborate later.

sabatvor 19 Jahren

I don't know about you guys, but I'm already tired of all the "this is just too good, this must be a bubble and it just has to burst because we deserve it to burst" articles. Basta cosi'.

master54vor 19 Jahren

I only have 2 words to say "mein kampf"

scrob2aqe2vor 19 Jahren