Comments by "Peter Cohen" (@panpiper) on "Michael Metcalfe: We need money for aid. So let's print it." video.

  1. Ah yes, more government subsidies to dictators, so they can spend more money on their military and police to maintain their grip on power. Good idea. And just print money! Ghee. Why not? You've gotten away with it so far, why not do more? Ever wonder how it is that the pundits and analysts talk about how "the recovery" hasn't reached the man on the street? The "recovery" is all in the stocks, bonds and banking sector while the little guy is still stuck looking for a part time, minimum wage job? That's because it is NOT a recovery. All that new money has inflated a MASSIVE stock and bond bubble, the bursting of which is going to make the housing bubble's pop look like a blip. It hasn't quite burst yet, so the Keynesians of the world see absolutely no reason to not blow it up some more. World poverty is shrinking at a rate that virtually no one expected 30-40 years ago. At this rate extreme poverty may well be wiped out within fifteen years, and it has ABSOLUTELY NOTHING to do with government handouts.
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