"I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill
SO we have you giggling.....and spewing out of context non-sequiturs.....while still avoiding responding to the post I linked to. This is even more stupid than ignoring posts directed to you and responding to posts not directed to you.
What happens when alll that new liquidity enters into the economy ?
Is the effect of Trillions in new liquidity entering into the economy Inflationary or deflationary ?
Well, it was SUPPOSED to enter into the economy via lending but over 80 percent of that liquidity sits idle on the FEDs books marked as " excess reserves ".
The fact that it sits stagnant kind of contradicts Bernakes initial QE pitch when he lamented the lack of access to credit as the reason for the Great depression lasting as long as it did.
In fact the ONLY effective economic policy so far in terms of climbing out of the recession are policies that incentivize new investment.
You're welcome Obama.
If not for Texas's booming economy you wouldn't have any positive news economic news to share.