Simply it's printing money. It's a risky move and it will bring inflation. When the Fed tried it last year the big corporations borrowed the money and didn't spend it. It lowers the rate on savings and investments so the people who live of this type of saving have less to live on. Check out this article and prepare for inflation.
Answer by jewjewbee at 10:13 AM on Nov. 4, 2010
Answer by BradenIsMySon at 10:14 AM on Nov. 4, 2010
Answer by BradenIsMySon at 10:15 AM on Nov. 4, 2010
Okay, after thinking about this for a minute and playing devils advocate (literally - lol), I am wondering if the govt. is expecting the economy to get even worse that this is there way of avoiding deflation. Does that make any sense at all? I'm just trying to make some sense out of this.
Answer by QuinnMae at 10:16 AM on Nov. 4, 2010
I thought is was the boat too, lol
Answer by Mama2124 at 10:21 AM on Nov. 4, 2010
Answer by Zoeyis at 10:22 AM on Nov. 4, 2010
After reading and watching your link it's a very risky move that has absolutely no guarantee of working. In the words of the expert on the show 'if everything works perfectly the economy should plateau, if not then all bets are off'. Seriously? WTF is the fed thinking? I think I had it right on the other question. This will render our dollar worthless.
Answer by QuinnMae at 10:23 AM on Nov. 4, 2010
Answer by yourspecialkid at 10:32 AM on Nov. 4, 2010