Hot off the printing press (literally)

ruggedtoast

Dithering_Dad wrote: »

Apparently !!!!!! has stopped posting under his !!!!!! username because he's tired of all the arguments he gets into and all the emnity he has created. The irony that he immediately logs on with a new username, posts the exact same stuff and starts arguing with the exact same people about the exact same topics just seems to escape him.

I mean, where is it going to get him apart from changing his username again and again, caught in an endless loop simply because he cannot put aside old arguments.

But then logic never really was one of !!!!!!'s strongpoints, now was it?

What has this got to do with anything in the topic of the thread?

If you want to say something apposite regarding quantitative easing then by all means do so.

Otherwise I think it has been made more than clear, that the majority of the boards users are thoroughly sick of picking through these pointless arguments that contribute nothing other than pettiness.

Grow up.

MrFonzerelli

Printing money doesn't create Wealth, it transfers it from those holding sterling to the Bank Of England. In doing so this also devalues debt.
For those with asset backed debt (e.g. Mortgages) it's good news.
If you hold Cash but not many assets it's bad news.

If the Government spends the money wisely on infrastructure improvements it should be O.K.
If it wastes the money on things the country won't see a future return on it could be disastrous.

Graham_Devon

MrFonzerelli wrote: »

Printing money doesn't create Wealth, it transfers it from those holding sterling to the Bank Of England. In doing so this also devalues debt.
For those with asset backed debt (e.g. Mortgages) it's good news.
If you hold Cash but not many assets it's bad news.

If the Government spends the money wisely on infrastructure improvements it should be O.K.
If it wastes the money on things the country won't see a future return on it could be disastrous.

What about if it concentrates solely on the "hard working families" (i.e. benefits) as it usually does?

This is my biggest worry with this whole thing. Getting more onto benefits, or giving out more via benefits and credits, while letting a whole other section of society crawl through treacle to get the same thing.

Tim_Nicholas

Not to forget the GBP will devalue ?

purch

Not to forget the GBP will devalue ?

Is that a question or a statement ?

Tim_Nicholas

purch wrote: »

Is that a question or a statement ?

From my reading and understanding, that will be a resultant effect of QE, but I am not an economist, so would appreciate input from others on their thoughts

Conrad

MrFonzerelli wrote: »

Printing money doesn't create Wealth, it transfers it from those holding sterling to the Bank Of England. In doing so this also devalues debt.
For those with asset backed debt (e.g. Mortgages) it's good news.
If you hold Cash but not many assets it's bad news.

If the Government spends the money wisely on infrastructure improvements it should be O.K.
If it wastes the money on things the country won't see a future return on it could be disastrous.

Good informative post, cheers.

Conservatism (with a small c) has no place in extracting ourselves from this recession.

purch

Not to forget the GBP will devalue ?

The EUR won't exist in a couple of years, but after a period of unheaval they will get the 'Cutty' back up and running, so you'll be allright

SGE1

I'm not 100% on this topic, so I'll admit I definitely don't know the ins and outs, but if it'll be so "disastrous", why does the MPC think it a good idea?

purch

if it'll be so "disastrous", why does the MPC think it a good idea?

When they say it'll be 'disastrous', what they mean is they havn't got a clue, but read somewhere that it will be.