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Stupid political crap your friends post on facebook. - Page 89

post #1321 of 5454
Quote:
Originally Posted by Fang66 View Post

I wood def befriend Teacher.

FTFY

edited because this is not DT
Edited by Lighthouse - 7/18/12 at 6:57pm
post #1322 of 5454
Quote:
Originally Posted by javyn View Post

341
Should I be supporting occupy wall street because the girls are young and hot or the tea party because they are old and have life experience?
post #1323 of 5454
Quote:
Originally Posted by ihambrecht View Post

Should I be supporting occupy wall street because the girls are young and hot or the tea party because they are old and have life experience?

I can only speak on bangability, I'd go for OWS
post #1324 of 5454
post #1325 of 5454
Quote:
Originally Posted by ihambrecht View Post

Should I be supporting occupy wall street because the girls are young and hot or the tea party because they are old and have life experience?

Yes...
post #1326 of 5454


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Edited by javyn - 7/19/12 at 12:21pm
post #1327 of 5454
I kind of like both of those Javyn - but..... the one from the Von Mises institute is kind of backwards, right? Technically, Bernake is making our money worth LESS, not more. I know what point they are trying to make (that he creates money where there is no underlying value), but the result is money that has a lower value.
post #1328 of 5454
Quote:
Originally Posted by ChicagoRon View Post

I kind of like both of those Javyn - but..... the one from the Von Mises institute is kind of backwards, right? Technically, Bernake is making our money worth LESS, not more. I know what point they are trying to make (that he creates money where there is no underlying value), but the result is money that has a lower value.

Off-hand I would guess it's because the target audience is too ignorant to get the joke if done correctly? confused0024.gif
post #1329 of 5454
Quote:
Originally Posted by ChicagoRon View Post

I kind of like both of those Javyn - but..... the one from the Von Mises institute is kind of backwards, right? Technically, Bernake is making our money worth LESS, not more. I know what point they are trying to make (that he creates money where there is no underlying value), but the result is money that has a lower value.

I took it as meaning that Bernake likes to create money out of nothing, e.g. he likes to print money, arbitrarily increase the value of a treasury note, etc.
post #1330 of 5454
Quote:
Originally Posted by ken View Post

I took it as meaning that Bernake likes to create money out of nothing, e.g. he likes to print money, arbitrarily increase the value of a treasury note, etc.

Yeah. But technically Ron's right *shrug
post #1331 of 5454
Quote:
Originally Posted by ChicagoRon View Post

I kind of like both of those Javyn - but..... the one from the Von Mises institute is kind of backwards, right? Technically, Bernake is making our money worth LESS, not more. I know what point they are trying to make (that he creates money where there is no underlying value), but the result is money that has a lower value.

He is talking about QE ..Quantitative easing..
post #1332 of 5454
Quote:
Originally Posted by javyn View Post

I can only speak on bangability, I'd go for OWS
Well played. biggrin.gif
post #1333 of 5454
Quote:
Originally Posted by lasbar View Post

He is talking about QE ..Quantitative easing..

Do you understand what QE is? It means Bernake supports bond prices (maintains low interest rates) by creating artificial demand for bonds. He does this by paying with money that is not in circulation. Therefore, he is increasing the supply of $20 bills. When supply increases and demand stays the same, each bill is worth less than its original value. The graphic is backwards.

A better graphic would have been to show a restaurant bill for $40 and then have a $20 bill cut in half so it turns into two $20 bills.
post #1334 of 5454
Dude, Ron. It is a metaphor for the will-nilly creation of money. Not the value of money. You are reading way too much into this.

This isn't a diagram for a macro 101 textbook. smile.gif
post #1335 of 5454
Quote:
Originally Posted by Bhowie View Post

Dude, Ron. It is a metaphor for the will-nilly creation of money. Not the value of money. You are reading way too much into this.
This isn't a diagram for a macro 101 textbook. smile.gif

My original point was that I am disappointed because of the source. The Ludwig Von Mises institute tends to have an audience who knows a little something about economics.
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