Which Is Worse: Cfk's Money Printing Or Your Countries' Qe

[Joe]

Many people on this forum criticize Cristina vociferously. But that does not mean that we think she should follow the policies of our home country or that our home country policies are better.

Take for example economic policy, specifically QE:

Quantitative Easing (QE) has been used in the USA, UK, Japan and other countries. Many believe that it has served mainly to redistribute money from the poor, middle class and the elderly to the wealthy. The stock market is going gang busters whilst average wages are stagnant and the elderly get 1% on their savings - less than inflation. Real estate has appreciated but to the benefit of large corporations because the Average Joe, with his stagnant wages, cannot afford to buy.

Many people will say that QE is money printing. Bernanke said QE is technically NOT money printing. Whether it is or not, the question is who does it benefit.

Cristina's money printing has arguably helped the poor and middle class at least as much as the rich. Or more accurately, it has hurt the poor and middle class, less than it has hurt the rich. At least, unlike QE it has NOT been a transfer of money from the working class to the rich.

 

[PhilipDT]

Many people on this forum criticize Cristina vociferously. But that does not mean that we think she should follow the policies of our home country or that our home country policies are better.

Take for example economic policy, specifically QE:

Quantitative Easing (QE) has been used in the USA, UK, Japan and other countries. Many believe that it has served mainly to redistribute money from the poor, middle class and the elderly to the wealthy. The stock market is going gang busters whilst average wages are stagnant and the elderly get 1% on their savings - less than inflation. Real estate has appreciated but to the benefit of large corporations because the Average Joe, with his stagnant wages, cannot afford to buy.

Many people will say that QE is money printing. Bernanke said QE is technically NOT money printing. Whether it is or not, the question is who does it benefit.

Cristina's money printing has arguably helped the poor and middle class at least as much as the rich. Or more accurately, it has hurt the poor and middle class, less than it has hurt the rich. At least, unlike QE it has NOT been a transfer of money from the working class to the rich.

 

[Chet]

Who is more evil: Bernanke/FED or Cristina

question needs a 'both' or equally evil option

 

[Joe]

Phil, Are you criticizing my syntax or my semantics or what