Comments about ‘When the U.S. creates lots of money, it's just like taxation’

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Published: Monday, Oct. 15 2012 9:00 p.m. MDT

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ute alumni
Tengoku, UT

Bernake trying to keep his and obama's jobs

don17
Temecula, CA

The donut senario is interesting and could be yummy if not more expensive as the finite number of donuts dwindles and the cost rises as those who own the remaining donuts realize the supply is not keeping up with demand. Rising prices equals inflation: Indirect tax the government is getting away with now because it is being imposed by businesses in goods cost.

More direct to reality: QE 1, 2 and 3 have led to higher gas prices. In the past 4 years the value of the dollar has decreased giving it less buying power as there are too many flooding the world markets. That is in great measure why our gasoline prices have gone from $1.84a gallon to over 4.00 dollars. Federal Reserve policy devalues the dollar but our major oil suppliers realize the dollar is cheaper so they want more dollars for the oil. Food producers want more for the food we eat. For food and energy inflation is a substancial factor in family budgets and those budgets are getting hit hard. But the Federal Government measures core inflation minus food and energy! Do you wonder why? To hide the hidden tax crushing the middle class!

mcdugall
Layton, UT

Gross oversimplification of economics. Inflation is near 2%, M1 has been decreasing and reserves at the fed are at all time highs, neither of which has caused oil prices to dramatically increase, the instability in the middle east and the increasing demand for oil in developing nations are the root cause of increasing costs in oil.

JimInSLC
Salt Lake City, UT

Quantitative easing is ongoing at the rate of $40 billion a month for as long as it takes. Most people have probably forgotten Bernanke announcing this policy last month. The Fed is using the money to buy bad mortgages so the banks can remove them from their books. Bernanke says it is so that interest rates will stay low. Doesn't matter that rates are low, banks are not lending. An economy thrives on the flow of money. They should have let all the over leveraged banks fail and pumped all the tarp money into the solvent banks with the stipulation that they loan it, putting it into circulation. The tarp money was used to cover bank debts and so was never put into circulation. The Board Members of the Fed is all the bankers from the over leveraged banks, so no surprise. The too big to fail banks are bigger and still at their old tricks. The day of real reckoning is yet to come.

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