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Thread: LA Times: Obama stimulus spending: $246,436 per new job

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    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by misterman View Post
    No thanks. What part of I'm not interested in debating this do you not understand?
    The fact that you keep responding.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by Goldenboy219 View Post
    Foreigner entities, central banks, and various financial institutions.
    So how are banks going to be making loans if they're busy buying treasury bonds? Treasury bonds aren't as good as money because a bank can't hand out treasury bonds to the depositors. They want money.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by phattonez View Post
    The fact that you keep responding.
    Then I'll stop, starting now.

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    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by phattonez View Post
    So how are banks going to be making loans if they're busy buying treasury bonds? Treasury bonds aren't as good as money because a bank can't hand out treasury bonds to the depositors. They want money.
    Ahhhhemm a central bank is not a commercial bank.

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    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by winston53660 View Post
    Ahhhhemm a central bank is not a commercial bank.
    I never said that it was, but commercial banks are buying treasury bonds.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by phattonez View Post
    I never said that it was, but commercial banks are buying treasury bonds.
    Really? which ones?

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    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by winston53660 View Post
    Really? which ones?
    The TARP recipients. Messed up eh? Basically they borrow from the government at virtually 0% rate, then buy higher rate bonds. We should just cut them a check to make it easier on the administrative side.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: LA Times: Obama stimulus spending: $246,436 per new job


    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by phattonez View Post
    So how are banks going to be making loans if they're busy buying treasury bonds?
    If they were buying bonds to the point where they were unable to loan........ there would not be reserves. We have been through this already; not sure your motivation for spinning the question.

    Treasury bonds aren't as good as money because a bank can't hand out treasury bonds to the depositors. They want money.
    What about reserves? You keep forgetting about the record levels, while rambling on about gibberish.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by Goldenboy219 View Post
    If they were buying bonds to the point where they were unable to loan........ there would not be reserves. We have been through this already; not sure your motivation for spinning the question.
    We can't determine at what point they will start lending again because there is uncertainty. You can't just say that we are at 17x the legal minimum and declare that it is enough because that minimum is completely arbitrary. And besides, if those reserves are in treasury bonds, then it's not really a reserve.

    What about reserves? You keep forgetting about the record levels, while rambling on about gibberish.
    Are treasury bonds included in the reserves?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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