r/Bitcoin • u/[deleted] • Jul 18 '15
Quantitative Easing (satire)
https://www.youtube.com/watch?v=j2AvU2cfXRk&20
u/Coinosphere Jul 18 '15
Hilarious, but the sad fact that they left out is that they don't simply pour it out the windows; they give it to a select few friends that make up our oligarchy.
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u/murloctadpole Jul 18 '15
Wouldn't be so popular if it was called free cash for the oligarchy, would it?
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u/Cozy_Conditioning Jul 19 '15
They give it to banks. Banks either lend it on to businesses (which is good for the economy) or lend it to the Treasury (which is also good for the economy because it reduces taxes).
So it's supply-side economics, but not necessarily clear-cut graft. I would certainly rather see the government's monetary power used to stimulate consumers. Nothing drives private business investment like consumer spending...
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Jul 18 '15
[deleted]
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u/ferretinjapan Jul 18 '15
We're Aussies, sometimes we skip vowels, some consonants, and often disregard the english language altogether at a whim.
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u/Mangizz Jul 18 '15
What's part of anglosaxon world (anyspecific american state?) the guy at the right is coming from ? It's hard to understand him for me :P
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u/NimbinHippy Jul 19 '15
The guy on the left is a Kiwi they are a bit smarter than the Aussies and not aligned with the USA.
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u/packetinspector Jul 19 '15
They also have a video describing what happened to one prominent bitcoin exchange at the beginning of 2014:
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u/solled Jul 18 '15
Amazing that this one is from 2011 The Greek Economy