biagiolembo (November 30, 1999 at 12:00 am)

yes but maybe 19% ROI projects are chinese crappy toys and 3% ROI projects are antidesertification projetcs (very low economic return but very useful for our environment)

8Kole8 (November 30, 1999 at 12:00 am)

i too enjoy playing on paint. doesnt mean i make videos talking about gold pieces

Myrkul1029 (November 30, 1999 at 12:00 am)

the whole point of banks is that they invest the average person's money for the average person and take a cut for themselves. the point is the saver is not an economist and he does not realize that a project with a 2% yield is a high risk project and not economically sound, so in actually the system is stopping the guy who wants to invest in a project with 2% from making a bad economic decision. if you dont want the goverment deciding what your money should be invested in don't put it in a bank

johnnyfenger (November 30, 1999 at 12:00 am)

Sal, your comments on elastic money supply is the main cause of the mess we are in... Please rethink your arguments... flexible money supply does not work..., Why do you want a goverment bureaucrat to decide if a 2% project should get funded or not?.. if a saver think 2% i enough... then 2% is enough.,. do not let goverment decide it,,, greenspan proved that he couldnt do it. Please read more of mises and rothbard.. i have forced to rate this video as poor, due to information in video.

KLguy133 (November 30, 1999 at 12:00 am)

controlling the money supply by targeting M2 etc might work if we had a truly competitive banking system.

charlessmyth (November 30, 1999 at 12:00 am)

The negative result is that the very good £10,000 p/a wage of 1973, is now a poverty line wage, and savings, since 1973, have very little value. New lines of production are relegated to that which carries no more risk than the likes of call-centres and supermarket checkouts, since they more closely coincide with the government's demand for the market to match the model. As per Stephen King: You go out broke. But must you go out broke, at almost a decade before a working lifetime has finished.

00dfm00 (November 30, 1999 at 12:00 am)

And let's not forget that all these treasuries the Fed has bought will be due with interest. Interest the government will not have. The banks just soaked up the cash. Nobody wants to borrow it. M1 remains the same. The bankers actually take a bunch of it and put it into their personal accounts (AIG). This system requires some serious assumptions.

00dfm00 (November 30, 1999 at 12:00 am)

Another reason for not targeting M1 is that it depends on people's willingness to borrow, which isn't always there. As we can see during much of 2009, even with virtually zero rates, that isn't getting people borrowing and therefore M1 isn't increasing as expected.

high5flyer (November 30, 1999 at 12:00 am)

Isn't fixing the money supply and floating the interest rate what Volcker did in the 80's?

MrMortgage1 (November 30, 1999 at 12:00 am)

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