- Because one of us is smarter than all of us
- Someone has to think for the masses
- We need to get past old ideas like "We the People" and come up with something new
- "I the Government" always works in your best interests
- "I the Government" knows how to spend other peoples money
- Spending our way out of recessions always works
- Printing money is fun, it is like baking!
- People have Tea Parties in your honor
- We get to blame successful people and Capitalism for any failures
- Borrowing our way out of deficits, sounds smart
QE has permanently ruined bonds for investors
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You used to earn an interest rate roughly inline with nominal GDP growth,
even slightly better.
Since the Fed started manipulating interest rates with QE,...
2 weeks ago