Quote:
Originally Posted by macker
Only problem is the short term results of printing money isn't working and money printing isn't creating actual jobs. Like an anti-depressant drug that is having side effects that are making the issues worse not only in the short term but more significantly in the long term. QE1, 2, 3 etc. will all be looked back upon as huge failures.....like a sump pump....
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The US economy has stabalised and seems mildly positive, so the stimulas appears to have worked, and in the long term it is just 10 percent on the overall debt, which while not insignificant, if it does save the US form a brutal depression is money well spent, certainly a hell of alot better spent than the same amount of money wasted in Iraq and Afghanistan.
Do not make the mistake of thinking that just because the US isn't booming then QE has failed, with the circumstances the world was/is in it was only ever going to prevent a depression.