12/17/2008
米連銀のゼロ金利政策は無駄
米連銀が金利をゼロにしたが、これで状態は良くならない。
いくら米連銀がコンピュータで数字を変えても、「
The Fed’s zero interest rate policy will not help
The Federal Reserve Board lowered interest rates to zero percent but that is not going to help. The Bank of Japan tried zero interest rates for years and it did not help stop deflation. No matter how much the Fed fiddles with numbers on computers, it is not going to change the underlying reality. For years America used brute force to take resources from the world. They can no longer do this meaning that American income levels will have to hit reality. They can even try negative interest rates and it won’t help. Dollar bills are not reality and they are not God. No matter how much you may pray to the money god, if the money is not backed by reality, your prayers will not be answered.