You can always count on America to do the right thing (QE edition)

You can always count on America to do the right thing...after she's tried everything else.

The latest "big response" to our current "recession" is "Quantitative Easing". In English, this means, "Printing gobs of money."

What is that supposed to do? Well, in *theory* it is to put more money into circulation, thus increasing inflation.

"Inflation?", you ask.

Yes! Inflation. Because there's nothing worse than something that's even wrong in theory, let alone in practice.

The theory is that people aren't spending money because prices are currently deflationary. (Note that this was visciously denied for over two years.) The thought is that people aren't spending money because they're sitting around the house waiting for prices to go down.

The answer to that "problem" is to cause inflation, thus prompting people to get off their duffs and go spend money before prices go up.

But everyone *not* bought and paid for by Wall St. realizes that we're not sitting around waiting for prices to go down -- WE'RE WAITING FOR A PAYCHECK BECAUSE NO ONE HAS ANY JOBS.

No, the problem isn't that "finance" accounts for 40% of our GDP and millions are being tossed out of homes they were duped into buying.

Nope, it because the lazy, no working motherf*ckers are sitting at home waiting for prices to go down.

So, what does inflation do to people who don't have money?

I'll let you ponder that one. Shouldn't be hard... unless your job is to protect Wall St.