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Whats the difference between Quantitive easying nad the credit boom

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    Whats the difference between Quantitive easying nad the credit boom

    It seems to me quantitive easing is in effect no different to the stupid credit boom we have just been through.

    The boom created immaginary wealth and devalued real money. Borrowed money was competing against those with 'real' cash thus artificially raising goods/services/assets e.g. house prices.

    So what is the difference?
    The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.

    But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”

    #2
    Originally posted by Bagpuss View Post
    So what is the difference?
    Not much.
    And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

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      #3
      Since currency no longer has to represent real value in any shape or form I have started to forge my own notes. I am doing a service to the nation by preventing deflation.
      bloggoth

      If everything isn't black and white, I say, 'Why the hell not?'
      John Wayne (My guru, not to be confused with my beloved prophet Jeremy Clarkson)

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