My Dear American people:
This time other nations will try to follow your footstep to use the same procedure of Quantitative Easing. I know they will fail or can not succeed somehow because they do not have the free society or free market as you do. You know I mean Japan. Its financial market is not open to foreigners and its people have narrow minds.They just can not let ghosts leave their towns because they still live in the past with those ghosts.
Let we think through reasons behind QE. We want people to feel the inflation is coming. We want those people in heavily debt burden to feel a little bit easier. We want the financial market to accelerate the money flow through the economy. We want the circulation rate of US dollars increase in the States. We hope those new or trouble companies can take advantage of those QEs and have more people employed. I guess those goals have not been fulfilled these days somehow. It just show how those QEs need some other actions or policies to coordinate with, like more trades with other nations or something else. We need something which can increase the circulation rate of money with the real economy activies involving instead of creating hyperinflation expectaion.
The goal of QEs is try to reduce the debt burden of people and let them feel the hope and free again. Give them useful tools to resolve their debts and make their lives back on the normal track. It is the idea behind. The QE should not be the tool only to let those rich peole become even richer. The QE should let those poor people can HAVE those good things just as those richer ones. They can take advantage of those benefits that the QE brings too. They can take advatage of all kinds of benefit that those QEs bring such as falling US dollar, rising emerging financial markets or something else. Just like the rich people, they can invest in foreign nations to bring some fortune back to improve their lives. If they can not, I guess the QE should be abandoned. If those years' QEs can not make those rich people of American realize better that they should contribute more back to the US society, then I think those acts are in vain. If you can not raise taxes on those ones who take huge benefits from those QEs and OTs, I guess those actions should be abandoned.
If those people with heavily debt burden can not access the financial market through those actions of QEs, I think you should find other ways to let them have it. The prupose behind QEs is to let those poeple in heavily debt burden feel easier and have their lives back again. The QE should be treasured if it does have those effects as we want. If it does not, please just stop those money games in towns. We just can not tolerate it ANYMORE!!
留言列表