There is some debate about how government can influence the economy through money supply and money printing. I don't know much about the topic so I hope to learn a few things and hear some ideas.
Yes, I've seen this and addressed it in a hub. The more money printed by anyone/any government only causes a degeneration of a citizens' value. Politicians should be convicted of Treason for not properly handling the Economy ever since the inception of America.
So is are the bailouts by the Fed justified during the recession?
No. It's called- Corporate Protectionism, a.k.a. the Status Quo.
What is the alternative then? If The Fed left Financial Institutions to be liquidated it would have resulted in the fall of the world economy.
That's nothing more than scare hype tactics.
Edit: Alternative solution would be to better educate citizens how best to use the Economy.
You have something wrong with educating citizens? **agree to disagree*
No, just that you think it's scare hype tactics.
When politicians needed the stimulus plan implemented, it was scare tactics which granted it. Politicians and others collaborated, to ensure that the banks were protected at all costs because the upper 1% would have lost so much money, but told the general public a lie that if they went down, then so did America's Economy.
That's just BS scare tactics because there were more solvent banks than insolvent banks. So please.
As per your request: http://cagsil.hubpages.com/hub/Degeneration-of-Value
(*the above is not self promotion, but requested....DO NOT delete/snip*)
Well as long as they do it according to the Federal Reserve mandates. LOL.
There was a question about this recently. http://sportsbetter.hubpages.com/questi … rint-money
Actually, the printing of money is relegated to the federal government by the constitution.
As usual, Congress abdicated one of its real responsibilities by creating the Federal Reserve. The printing/minting of money is solely the responsibility of Congress, alone. The Federal Reserve scheme puts some of that authority in the hands of the Executive and the rest in the hands of a Quasi-Public institution.
The EPA, OSHA and other regulatory agencies create regulations that act as laws despite being part of the Executive and that power being the sole province of the Congress - at least according to the Constitution.
No institution has caused more harm to liberty than Congress. The English Civil War should provide a cautionary story about legislatures out of control. But in America it seems that Congress and the Executive are ganging up on the People.
It influences the economy by helping whoever receives the money i.e. banks, and hurting everybody else.
If the banks are bankrupt then the citizens would also be left bankrupt. Banks are the basis of the economy and have to be looked after (bailouts) to maintain the economic system.
Actually, the would not be true.
Untrue yet again. Banks were later developed(adapted). The Economy was already in existence before banking was established in America.
Economy changes over time. Banks are now an integral part of the economic system.
No more important than any other business. Once you assign value to one higher than others, you set a bad precedent.
People use banks to keep their money for them and to borrow money. If they keep their money instead the banks will be unimportant. You can judge it to not be more important than any other business but the fact is that people use banks to guard some of their wealth and this makes them important.
I don't need to be told how banks are used. Duh!
MORE BS! Keep it coming. Banks are not important. Places like Credit Unions and such are better anyways. Technically they are still banks, but they are better backed.
Yet, another irrelevant statement because those who truly want to protect their wealth won't put it into a bank in America, but will put it somewhere where the U.S. Government cannot find it.
It seems like you had some bad experience with an AMERICAN bank and now hate the entire banking system. No free market economy can exist without a strong banking sector. Enrol in an economics course.
Banks can only get way out of hand when they are aided by a government that makes banking less competitive. Thanks again to the Federal government - why are their finger prints on every thing that turns to crap?
Nothing in the world is safe, banks just like any other business can and should go bankrupt.
I mean is there any difference between losing your money through a bank going bust, or losing it through bailing it out.
You say tomato i say tomahto.
The Fed didn't use tax payers' money to bailout banks. They printed money and the bailouts helped US citizens like yourself to not lose all your money in your bank account.
It hurts banks far less than it hurts you and me. Financial institutions work to ameliorate the negative effects of government policies. You and I do not, usually, possess sufficient knowledge, tools and resources to protect our money from the reduction in value caused by inflation. Inflation helps debtor countries because it decreases the value of the debt help.
Money printing is the worst kind of theft as it steals from the populace whilst appearing that it is giving them more. If we're going to make a moral stand that counterfeiting is wrong, we have to apply that to the government too. The government also needs to legalise competing currencies so as to free people from the shackles of the dead American dollar/British pound.
Modern economics can not escape wrong doings and shortcomings.Printing of notes to beat the inflation or artificially inject medicines in economy to show people that governments are doing their job to bolster econmoy.
in India we are crying over 7% inflation, i heard in some countries there is hyperinflation in 1000% ,so what common people are doing there?
They tune with the happening.
by Raymond D Choiniere 11 years ago
Hey Hubberville,I am planning on writing my next about the state of affairs of the Financial business' and Government action.However, I would like to point out one specific problem, for which, needs to be addressed almost immediately. Hence, the reason for the posting.The "credit" crisis...
by RKHenry 12 years ago
Through out history, Americans and Citizens through the world, have envisioned themselves asking their President a question. After watching Jay Leno's Tonight Show, I thought this might be a good forum topic.Jay Leno asked him if there was any chance of somebody going to jail over the AIG...
by Gary Anderson 12 years ago
While I support Obama's foreign policy, I hate the scam of Summers and Geithner, which will allow a huge transfer of wealth from the taxpayer to the banks. This is the biggest rip off of the American taxpayer in history. Here is the link and video:http://finance.yahoo.com/tech-ticker/ar …...
by EPman 10 years ago
Tell me, oh wise opponents of the tax cuts, why is letting rich people keep what they earn detrimental to the "greater good", but printing and putting billions of dollars in the hands of these uber-greedsters FOR the "greater good"? -- especially when these people lost money in...
by Scott Belford 7 years ago
One of President Bush's arguments for invading Iraq was the strong Hussain-al Qaeda connection. The anti-Iraq invasion group said there was only very skimpy evidence of that and much stronger evidence that such an arrangement couldn't exist;. After several extensive post-war...
by Mike Russo 8 years ago
The next time someone tells you that Obama is destroying the economy, remind them that the stock market and corporate profits are at all-time highs.When they tell you that this hasn't helped them, remind them they've just admitted Trickle-Down Economics doesn't work.All comments are appreciated.
Copyright © 2021 Maven Media Brands, LLC and respective content providers on this website. HubPages® is a registered trademark of Maven Coalition, Inc. Other product and company names shown may be trademarks of their respective owners. Maven Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|