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quantitative easing explained

andrew markwort

Active Member
Read Whoops! by John Lanchester, which impartially sets out what went wrong in the crash. What's described in that video is alas par for the course amongst economic geniuses these days.
 

Miyazaki

Distinguished Member
What is with the text-to-speech voices in the video?
 

damo_in_sale

Well-known Member


That video is quite superb LGS.

I have a problem with it's 'Goldman Sachs' kicking though. They may well deserve a kicking, but this policy is not about them.

The FED cannot be seen to be monetising US federal debt (that is printing money to pay for government borrowing). So it has to find an an alternative route. That route involves the banks. This is how it works- the FED prints money and buys old US Treasuries from the banks at a generous price (and also mortgage backed securities, corporate bonds etc), and then instructs the banks to buy new federal bonds (US Treasuries).

The Bank of England performed something similar quite recently under Gordon Brown, and may do so again.



I am thrilled to find that you, LGS, have finally come round to the Austrian school of economics. I had always thought you were a socialist, but instead I find that you have the same objections to government intervention in the money supply as did Von-Mises, Hayek and Damo. :)
 

cunny678

Distinguished Member
I posted this exact same clip in the general chat section as I didnt know it had been posted here, in fact I didnt even realise there was a policital section!!

The reason I posted it was because it was funny and I thought others may enjoy it - not because it was a political topic! Anyway, point is a moderator closed the thread no doubt because in was in the wrong section and now only those who are interested in politics will get to see it on the forums!

Dont want to say anymore as I dont want to get banned - but sometimes I do feel some of the fun has been moderated out of the forums:D

My comments are intended to be general and not specifically aimed at any individual.
 
D

Deleted member 293381

Guest
I posted this exact same clip in the general chat section as I didnt know it had been posted here, in fact I didnt even realise there was a policital section!!

The reason I posted it was because it was funny and I thought others may enjoy it - not because it was a political topic! Anyway, point is a moderator closed the thread no doubt because in was in the wrong section and now only those who are interested in politics will get to see it on the forums!

Dont want to say anymore as I dont want to get banned - but sometimes I do feel some of the fun has been moderated out of the forums:D

My comments are intended to be general and not specifically aimed at any individual.

I guess AVForums has undergone a moderation of quantitative easing! :)
 

Desmo

Distinguished Member
What is with the text-to-speech voices in the video?
It's from a site that allows you to type text for the characters to speek. Anyone can make one.
 

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