Chinese Official: Loose Money OK…for Now
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  • So now the whole world is into quantitative easing? Not such a bad idea if you ask me. It will cause inflation which will get real wages down, increase employment, reduce government debt/GDP ratios, help get homeowners out from under water, students out from under college loans, etc.

    Which is not to deny that inflation has a lot of downsides too, not least of which is that we may not know how to control it once it gets started. Bernanke says he does. We’ll see.

    • Jim Luebke

      Why don’t more quantitative easing programs simply pay off government bonds early? It seems to me that if you’re going to risk serious inflation, you might as well get rid of a chunk of your debt problems at the same time.

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