Comment Re: Great Recession part II? (Score 1) 743
Coming from you, that carries no weight at all.
Unlike you, I actually understand the economy. How that hyperinflation that you predicted is going so far, by the way?
All enabled by the Fed. You really weren't paying attention, were you?
No. It was not 'enabled by the Fed' in any way. Not even in the 'it failed to regulate them' way.
Without the Fed holding down the interest rates by inflating the currency, rising rates would have limited the pyramiding of debt on debt.
Dude, if you had at least two brain cells you could have checked this hypothesis easily. The only way Fed could 'keep rates low' is by buying securities using newly created money. This kind of intervention should be easy to check.
So let's check the evidence: http://www.tradingeconomics.co... - there was no explosive increase in the M1 aggregate until the QE policies started post-2008. And even M2 aggregate shows nothing unusual: http://www.tradingeconomics.co...
Actually, I believe that you caused the 2008 crisis by raping little children in a DC kindergarten. That theory has about the same connection to reality as your ramblings.