sci.energy

On Sep 25, 12:35 pm, Dan Bloomquist wrote:
> EskWI...@ wrote:
> > In Dan Bloomquist wrote:
>
> >>EskWI...@ wrote:
>
> >>>Believe it or not, I care nothing about words, and try to read for
> >>>meaning. But when words are used with foreign menanings, it can be
> >>>difficult to decipher them without a decoder ring.
>
> >>There is no foreign meaning in 'The fed prints money'. The principle may
> >>be widely misunderstood, but not the concept.
>
> > Given that the Fed owns no printing presses, how can the meaning be
> > anything other than foreign? thinks that "print" means
> > what I think it means.
>
> > Is there any mainstream source which says "print" means "buy securities on
> > the open market"? Is there a mainstream source for the necessary decoder
> > ring?
>
> /wiki/Central_bank
> Open Market Operations
>
> ...Buying of securities thus amounts to printing new money while
> lowering supply of the specific security.
>
> google: print money central bank
> for additional examples.
>
> > I was talking (using a loose meaning) with a goldbug a long time ago on
> > usenet. He insisted on using the word "money" to mean "gold".
> > Eventually, that was fine. But initially when he made points about
> > "money", his meaning was lost, until he decoded his idiosyncratic usage.
>
> I don't know about your goldbug, but reading economic papers leads to a
> natural understanding of a central bank 'printing'.
>
> > I'd love to see some kind of mainstream definition of "print" with the
> > meaning you ascribe to the word. Until then, you may want to use words in
> > their normal manner if you want to be understood.
>
> Really, you have never heard the expression that 'central banks print
> money'?- Hide quoted text -
>
> - Show quoted text -


Err.... bloomie... I am a consulting engineer. I know very
little about computers though, so many of the IT kiddies think thats
proof that Im an idiot..same in any field.

Its not a problem for anyone even if he is only half bright to use
those insights to prove that everyone else is a moron. ... and some
are. these prove it either way by the tone of their responses, not by
any error contained in them.


Phil Scott