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Reprinted from 622007907 at 18:21 on December 19 2010 read (loading. ..) Comments (0) Category: economic relevance Text / end Hongbin
an economist as saying to go out to buy fruit, but he found that fruit prices have gone up a lot recently, so he asked street hawkers: Now how fruit prices have gone up by so much? Hawker answer: Do not you know the Americans started the second round of quantitative easing it? Economists said: I would, you know QEII it?
problem is that Americans are printed on his bill, which now we have a relationship? Of course the relationship is there,
timberland kids, many economists regard the current price rises down to printing too much money, but the strange thing is, the same seal of the United States money, the prices have not surged, the U.S. Department of Commerce recently announced that the U.S. October core personal consumption expenditures price index rose by 0.9% per annum, for the record low level. This data can be traced back to 1960, in other words from half a century ago began compiling the figures began to the current U.S. price increases minimum. In fact it is for this reason that Bernanke dared to start the second round of the quantitative easing policy, the manner by printing money to buy U.S. Treasury bonds. Similar examples abound, such as the Japanese economic bubble burst, the Bank of Japan put the water for almost two decades to maintain long-term zero interest rate policy, government debt reached 200% of GDP, but not only there is no inflation and deflation.
study economics and fear most is the dogmatism, but the Chinese people like to put a lot of economics, foreign masters that the . Open the newspaper to see so often, such as But it is very serious negative impact, simplify a complex problem dealing with it, it seems less a printing money as long as everything can be resolved. A couple had an argument, you suggested that they should be able to avoid deepening emotional fight, in your opinion this proposal is correct, but is actually a correct nonsense, is this saying people can not understand it?
In fact, the results of printing money is not the cause, imagine if the U.S. government's financial position is very good budget surplus every year, he needs to print money it? If the Government of Germany before World War II do not need to pay a war indemnity the amount of days, he will then tried to print money it? If China is not the hundreds of billions of dollars every year, the trade surplus, he needs to print money to eat so many dollars into it? Therefore, printing money is just a phenomenon, if you are aimed at the phenomenon of directed not to touch the essence, then you'll never solve the problem.
Now let be a thinking exercise, saying that a sudden global cooling, so that the Atlantic Ocean, the Pacific are covered with ice, no vessel can pass, then the United States so printing money will cause the most serious inflation, the dollar because of his no longer buy goods and resources around the world, the Saudi oil transport, however, China's consumer goods shipped, but to the German high-end industrial products shipped to Japan, but to, in fact, the only show for American goods is U.S. dollars, U.S. dollars in order to obtain the world's people are mad their goods will be shipped to the United States, and this is the Americans will not cause inflation by printing money the root causes of the dollar because he printed the Chinese people eventually become , Japanese,
timberland outlet, Saudi Arabia's foreign exchange reserves, the Federal Reserve notes found after a round of India, the United States but rather more numerous products out of thin air, which is impossible in any other country, so the Americans can only print one side money, while maintaining a very low level of inflation.
the opposite is true in China last year, China achieved a trade surplus of 2000 billion U.S. dollars, the central bank to get U.S. dollars necessary to print 1.3 trillion yuan of new currency, but at the same time,
timberland boots sale, China has reduced the $ 200,000,000,000 goods, because these things are shipped to foreign countries go. This is equivalent to a double blow to increase the money, goods decreased, so the inflation came. Government does not print money you want is not possible, unless he can get goods for free to the United States, not a penny to others, so that he can not print money, you think it possible?
China is now the factory of the world, but our wealth created by productive, but Chinese people do not enjoy. China's economy can be divided into two parts, one part is to meet foreign demand, export economy, a part of the people is to meet the needs of domestic economy, including agriculture, real estate, services and all other domestic industries. Each macro is a problem,
cheap timberland boots, the government will suppress in order to secure export and domestic economic development, which is the most serious misallocation of resources, the equivalent of the Chinese people have become second-class citizens, only after meeting the needs of foreigners consider the needs of people. Everyone says that overheating of the economy, in fact, just overheated export, domestic economy has always been cold.
Advertising and business profits and other expenses, it has created thousands of Americans, but is 2 dollars in imports, China's factories are labor costs only 35 cents, 65 cents the rest of the raw materials and $ 1 shipping and management costs, including operating toy business, the company acquired Hong Kong, China 10 to 20 cents profit. In this 35 cents, each worker can break the hand is only in his early 1000 a month salary, attributed most of the rest of the factory owner's pocket. Bosses get the money to buy a house, then pushed up prices, so the workers can not keep up with that no matter how rates rise in saving money, it is because you are not in the majority of the labor of your hands, the more you save money but relatively poorer.
A friend of mine
very young, and never went to college, but his views on the economy than many so-called experts, he said that to solve our problems, the only way is: Let the Chinese people in China services. Simply put, the over-allocation in the export sector and reallocate resources to domestic demand sector. Can not afford to rely on exports in exchange for their dollars spent, not as a direct issue of bonds to the money spent at home. Economist China,
timberland boots uk, the brain has been rigid, for example, we have boxes of goods shipped to the United States, from Farewell with these products, they do not think this is a loss of wealth; the Government is prepared to build a large number of highways, they but that this loss of wealth. In the former case, the Chinese people will never not enjoy these products while in the latter case, the effectiveness of road only happen in China. Which Is not obvious in our favor it?
economics has a lot of specious, if we are in a very cautious approach to decision-making, the result will be very good,
timberland boots, afraid afraid of the wrong theory also guided self-righteous people work. Even worse, these theories have in its home is no longer believed the United States, as we have as a treasure. Next time you see someone again if you print money with the causes of inflation, you ask him: Japanese Americans and India so much money, why they are the deflation? Do not tell me Western economics is not suitable for the West, is only suitable for China.
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