tag:blogger.com,1999:blog-8897997766931633186.post8825102640611513375..comments2024-02-14T03:21:37.506-05:00Comments on Monetary Freedom: QE2 and Begger Your NeighborBill Woolseyhttp://www.blogger.com/profile/06330232724290161369noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8897997766931633186.post-82806862343617995332016-12-28T07:59:44.345-05:002016-12-28T07:59:44.345-05:00There is a lot of inflation happening, so got to b...There is a lot of inflation happening, so got to be mindful of it. But, it’s vital that we trade with simple and straight forward way and only then we will be able to work out smoothly. I trade with OctaFX broker and with them, I can work with extra freedom and comfort which comes directly to do with their monstrous deposit bonus which is up to 50% and is use able too, so I like it all so much more!Anupamnoreply@blogger.comtag:blogger.com,1999:blog-8897997766931633186.post-2705635993164944192010-10-22T01:23:48.143-04:002010-10-22T01:23:48.143-04:00"In that world--the real world of today--ther..."In that world--the real world of today--there is no reason to worry that other countries might retaliate to quantitative easing by doing some themselves."<br /><br />Sure there is. If you engage in QE and get your exchange rate down, your exports will have the advantage. If others engage in QE, their x-rate falls and your exports lose their advantage, their imports now gaining the advantage.JP Koninghttps://www.blogger.com/profile/02559687323828006535noreply@blogger.comtag:blogger.com,1999:blog-8897997766931633186.post-19805521297720641432010-10-20T11:59:23.465-04:002010-10-20T11:59:23.465-04:00You write that, for a small country on the gold st...You write that, for a small country on the gold standard: “The only ‘problem’ that might develop . . . is that gold may flow out of the country, gold reserves may disappear, and then redeeming paper money with gold may become impossible.” I wonder about the timing. Even if the central bank has plenty of gold in its vaults, when someone presents paper money for redemption in gold it will take them a few minutes to retrieve the gold from their vaults; the redemption will not be *instantaneous*. Now, suppose they have no gold in their vaults, but they do have other assets: bars of silver, pound sterling notes, or whatever. To get the gold to redeem notes of their national currency they have to engage in a transaction, buying gold in exchange for the asset they are holding. This may take longer than a few minutes. But perhaps it will not take *much* longer, and how long is *too* long? Suppose it took two weeks to get and deliver the gold; would it not suffice, to maintain the value of their paper currency, that they promised to redeem it for gold *within two weeks of its presentation*? If so, they would not have to hold any gold reserves. In short, I do not understand the fixation on gold reserves.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8897997766931633186.post-77259736062928968762010-10-15T12:38:37.509-04:002010-10-15T12:38:37.509-04:00I have been thinking something like this for the l...I have been thinking something like this for the last week, but I couldn't state it so clearly and logically as this. The worries about what China will do if the Fed aggressively pursues quantitative easing are overblown.Frank Buttermanhttps://www.blogger.com/profile/02164374874036975006noreply@blogger.com