Money for Nothing

http://www.joehewitt.com/blog/money_for_nothi.php

by bootload • 19 years ago

8 6 19 years ago

imp2• 19 years ago

Really weird article. Did anyone that voted this up actually read it? All it says is that the Fed is to blame for the current bubble, but it doesn't explain anything.

FTA:

"Unfortunately, the Fed and its printing press have a policy of cheating the people that do honest work by flooding the economy with money that can be had by people who do nothing to earn it."

and later:

"It is difficult to explain the harmful effects of deliberate inflation to the average person..."

Xichekolas• 19 years ago

I agree, and posted a reply to it here:

http://xichekolas.blogspot.com/2007/05/too-much-free-money.html

Just my take on it.

joehewitt• 19 years ago

Sorry for the lack of explanation, but I didn't intend to give an economics class, merely get something quickly off my chest and get back to work :)

imp2• 19 years ago

That's fine. I was just disappointed because it caught my attention as a new and interesting viewpoint, but didn't go in to much detail. I hope that you'll get a chance to elaborate later.

sabat• 19 years ago

I don't know about you guys, but I'm already tired of all the "this is just too good, this must be a bubble and it just has to burst because we deserve it to burst" articles. Basta cosi'.

master54• 19 years ago

I only have 2 words to say "mein kampf"

Money for Nothing

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