[Vision2020] Sign seen in Genesee

[Andreas Schou]

On Mon, Nov 1, 2010 at 4:47 PM, the lockshop <lockshop at pull.twcbc.com> wrote:
> To say that these programs "help to (1) create jobs, and (2) prevent job
> loss" is absurd. The CBO's point was that the programs are effective at
> dumping money into the economy quickly albiet by the expedient of
> burning dollars we either have to borrow or print. The first adding to the
> skyrocketing deficit and the second fueling inflation with neither being any
> kind of a win for the country as a whole.

Gary --

We aren't even hitting our inflation target. We try for about 2%
inflation to run down stagnant cash reserves and spur investment.
Unfortunately, we've been unable to hit that mark -- we've been
on-target to hit somewhere between 0.8% and 1.2% all year. The purpose
of the QE the Fed is doing right now is actually to spur inflation; if
we accidentally hit deflation, as we might, stagnant cash starts
having a rate of return, which destroys consumer demand, which
destroys the US economy, which is roughly 75% consumer demand.

-- ACS