Reality Check: QE is Trickle Down Economics

[Kirdik]

Originally Posted by knowledgeiskey

How is it not trickle down?

There's no such thing as the trickle-down theory. It's just a derogatory term that is used to attack supply-side economics.

[pghquest]

Originally Posted by knowledgeiskey

How is it not trickle down?

Trickle down theories require economic benefits from the government to businesses and wealthy, that will benefit the economy.

QE isnt from the government, its from the Fed, and doesnt benefit businesses or the wealth, only a select handful of bankers at the cost of society.

[pghquest]

Originally Posted by knowledgeiskey

Trickle down economics doesn't help the poor. Besides, QE doesn't devalue the currency.

Wrong on both accounts, and credit agencies say so

US Credit Rating Cut by Egan-Jones ... Again - US* Business News - CNBC

but reduces the value of the dollar.

[knowledgeiskey]

Originally Posted by pghquest

Wrong on both accounts, and credit agencies say so

US Credit Rating Cut by Egan-Jones ... Again - US* Business News - CNBC

but reduces the value of the dollar.

The US dollar is fairing good.

Geesh, educate yourself. A devalued dollar isn't a bad thing.

[modeerf]

Originally Posted by knowledgeiskey

The US dollar is fairing good.

Geesh, educate yourself. A devalued dollar isn't a bad thing.

You said that the QE Print job, doesn't devalue.... now you say it's a good thing?

Tell that to all the baby boomers.

You can't borrow into infinitude. The US needs to make some crap and create real wealth.

So short sighted, it's painful.

[pghquest]

Originally Posted by modeerf

You said that the QE Print job, doesn't devalue.... now you say it's a good thing?

See, this is why these liberals are a complete embarassment.

[knowledgeiskey]

Strawman as always