Fed buys $1T of Treasury, mortgage assets

[leorimolo]

You amaze me sometimes Rob, you clearly have no idea what you are talking about.

Also the government should keep there noses in it 24/7 for the next 10+ years. The issue will not instantly go away, sadly taxes will go up in 5+ years I personally think, they need to cut down on spending currently but later they will need to get more money in.

Basically the Great Depression happened because Classical Economists believed that economies fix themselves, I guess they realized they didn't after over 9000 banks went broke (not a meme, actual fact).

[MetKiller Joe]

Basically the Great Depression happened because Classical Economists believed that economies fix themselves, I guess they realized they didn't after over 9000 banks went broke (not a meme, actual fact).

Edit: I'm tired, I need to go to bed. Otherwise, there would have been a counter-point here. Just didn't have time to develop it.