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/biz/ - Business & Finance

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17751330 No.17751330 [Reply] [Original]

Why did they burn 1.5 trillion today instead of paying off everyone's student loans. It would have lifted a huge burden off the backs of the educated in this country.

>> No.17751388
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17751388

>>17751330
Because burning printed monopoly money is easier and cheaper that freeing slaves.

>> No.17751434
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17751434

You act like this is the USSR or something. Does this economy look rational in anyway to you?

>> No.17751477

>>17751330

because students all have retard degrees, only want to work part time, and spend their money on weed and vidya. Fuck modern "students" give me a gaggle of chinese bugmen any day.

>> No.17751481

>burn money
No, there are plenty of people who received that money.

>> No.17751559

>>17751330
Find someone who can explain the repo crisis to you. Essentially they are trying to keep interest rates artificially low.

>> No.17751605

>>17751330
Why the fuck do you want to fix problems? For a politician, fixing anything is suicide.

>> No.17751637
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17751637

>>17751330
>why didn't they free their slaves
imagine being this clueless at this point in time
jfc

THEY OWN YOU YOU DENSE MOTHERFUCKER
EVERYTHING THEY USE TO BUY THE MARKET IS DEBT YOU HAVE TO PAY
THE BURDEN IS ON YOUR SHOULDERS - NOT THEIRS

The fact there are so many people out there that are as stupid as or stupider than you is why we are in this mess to begin with.

>> No.17751643

>>17751330
i just hope you're pretending to be retarded

>> No.17751663

>>17751330
Why do you think that they would want to give you nice things?

>> No.17751716

It was credit for financial institutions, not actual transfers. If they wanted to juice the real economy giving everyone time limited cash to spend would be a good way to do it, but they don't it's just about calming markets and reducing panic rather than actually making things materially better. The credit they provided was done because they assume rightly or wrongly that financial institutions will go to the wholesale markets and find no willing lenders. It's just about keeping those credit flows open, the credit will be paid back one assumes, unless it gets so bad the likes of Goldman Sachs and CitiBank go down. The Fed is not giving money to random shitters, they're giving it to legit institutions who are probably lending it to random shitters, but the institutions will still be expected to pay back in full, it's literally one day loans. None of the big boys in Wall St are gonna collapse tomorrow.

>> No.17751819
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17751819

>>17751330

>> No.17751888

>>17751637
Shhhhhh
We need stupid people for smart and cunning people to exist. We all know its a bait thread so we just give bullshit 30 second responses!

>> No.17751990

>>17751330
socialists promoted Keynes, so don't whine about it.

>> No.17752146

>>17751330
don't worry helicopter money is next
in the eu they will just defer mortgage payments to forever