[quote=briansd1]It’s interesting the see the two arguments.
A/ In the US we have had more government and Fed interventions.
B/ In Europe, governments have been cutting back and the ECB has not intervened as aggressively as the Fed.
Anyone wants to make a $10,000 bet on which solution will be more successful in terms of growth and prosperity?
I’m thinking solution A will prove superior.[/quote]
Brian: Another completely specious argument, in that it ignores some very pertinent facts. The US and Europe are vastly different in terms of geography, government (and this one is key in that the US has a truly federal government and not 17 squabbling individual governments working under a mandate while also trying to satisfy their constituencies) and demographics.
Your argument also avoids answering the focal question that Domo has also evaded up to this point: WHAT ABOUT THE ASSETS? If you were to take the balance sheet of the ECB and correctly value the assets, the ECB becomes effectively insolvent (I’m sure the Fed is in a similar predicament).
You can agitate all you want for Big Brother, but governments from the US to China are blundering badly and we all will pay the price later.
The answer isn’t in printing money, its in REFORM. Tax reform, entitlement reform and immigration reform. Of course, none of our political leadership wants to bell that particular cat, so we’re left with nonsensical and ultimately pointless arguments like this one.
