Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

banned from Kos

(4,017 posts)

13. Great post (again).

Reply to grantcart (Reply #12)

Fri Dec 23, 2011, 11:17 AM

Dec 2011

Mr. Grayson fails to see the practical side of monetary policy.

A direct loan to the PIGS would just delay the fiscal changes they need to make. It would also be perceived as inflationary since the probability of a future write-down would be high.

Also a direct loan to the PIGS would be opposed by the people of Germany and France and any other stable country.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

18 replies

= new reply since forum marked as read

Highlight:

Privatizing Money [View all] Alan Grayson Dec 2011 OP

Recced. I take this as an endorsement of Bernanke - he did exactly what you suggested. banned from Kos Dec 2011 #1

Privatizing money. An amazing concept. Have to think about it for a while, but it seems enough Dec 2011 #2

Euro QE prepperdad Dec 2011 #3

How could merchants charge that abelenkpe Dec 2011 #5

Make friends with local farmers. Zalatix Dec 2011 #7

K&R please read nt abelenkpe Dec 2011 #4

10% European unemployment cites please? Zalatix Dec 2011 #6

See That... Anybody That Can Figure Out DU-3, Should Be Immediatley Sent To Congress... WillyT Dec 2011 #8

Thanks for the insight, Alan Grayson. We need to change our thinking on all of it. freshwest Dec 2011 #9

And the Establishment so-called "liberals" justify this as "economic stimulus". Odin2005 Dec 2011 #10

LOANING it to banks. Its really a simple concept. banned from Kos Dec 2011 #11

It would seem that you are cherry picking statistics. grantcart Dec 2011 #12

Great post (again). banned from Kos Dec 2011 #13

No I don't think that he fails to see that, I think that was the main point of his post. grantcart Dec 2011 #14

No - I deliberately changed the subject after accepting your point. banned from Kos Dec 2011 #17

My bad grantcart Dec 2011 #18

We are getting closer and closer to that point for certain. Aerows Dec 2011 #15

The policy is working, to a degree cthulu2016 Dec 2011 #16