Tuesday, June 25, 2013

A Question About "Quantitative Easing"

Ben Bernanke and the boys at the Federal Reserve have been printing an extra 85 billion dollars per month.  All in the name of "stimulus". 

North Korea has been printing a couple of million dollars per month.  In their case, it is called "counterfeiting". 

Both sets of printing press owners, Bernanke's and North Korea's, are churning out bills for themselves and their buddies - the people who get to spend them first. 

But let's assume that "stimulus" of this sort is a good thing. 

Does it matter where the stimulus is printed? 

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