經濟,財務,統計學,數理科學與政治評論

To Sir Bernanke:

  Use the government's power to help AIG and GM is nothing wrong, so does the bailout to Wall Street!! You have mentioned that you never do the money printing thing instead of increasing the credit and reducing the interest rate which is the cost of capital for funding and investment. I think it is not that correct, it is wrong!! When the governemt purchases the MBS, it just shows the government wants to support the price and to provide the liquidity for this market. It is nothing wrong to support the market if the market is lack of confidence. But if the market has to go down in order to show its real nature, then it is wrong to purchase more. I know many people do not agree with this thought, especially we can not just sit tight to see those drowning people die slowly. We have to do something. Sir, you already did and did a good job. The operation twist lets the long-term mortgage rate go down dramatically. The corporate bond issued dollar has piled up to the recent high level for the latest season in five years which shows that corporations believe that it is the perfect time to have the lowest funding cost. If there is another QE, then they all expect the inflation will go much higher. People may expect to see the failure of further quantitative policy as "less is more" instead of "more is safer".