November 4th, 2010
03:54 PM GMT
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The Bank of England also has done quantitative easing
The Bank of England also has done quantitative easing

First a big cruise liner…now a big economic gamble. The U.S. Fed’s decision to print an extra $600 billion takes America and the rest of the world into unchartered territory. We know why Bernanke did it. To try and stop deflation from undermining the U.S’s fragile recovery. But it’s a risky business, and we don’t yet know if it will pay off. On this week’s Q&A, Quest and Ali do battle over just how exactly you create money from nothing, and whether it can end the economic downturn. Tune in tonight, Thursday to watch and leave us ideas for next week’s Q & A in the comments section (right underneath here).

Filed under: Q&AQuest Means Business

soundoff (6 Responses)
  1. Brian Satterlee

    Well, we've been waiting, and waiting, and waiting for inflation that has never happened. I expect that we'll see it in a big way once we give up on waiting. Gold may still be the way to go.

    November 5, 2010 at 8:25 pm |
  2. Virginia Weddington

    I may be naive when it comes to economics, but I have to ask this question. What is wrong with taxing heavily those companies that moved their jobs overseas? Balance that penalty tax with huge tax breaks if they bring the jobs back. That might create a little movement in the unemployment figures. I am a firm believer in America first–let those other countries like China, India, Mexico, etc., figure out how to give their people jobs.

    November 6, 2010 at 5:38 pm |
  3. David Vargas

    Despite our common understanding about the foundations of capitalism the government bring an usual populist tool, commonly used by dictators to achieve popular acceptance during the 20th century. I personally believe that the U.S. has managed to arrange the global political economy to its own benefit affecting millions in other countries. This is to say that the global financial system responds primarily to the U.S. interests. Having the U.S. dollar as main exchange currency it allowed the issuance of any amount of treasuries as valid debt bonds around the world. This huge amount of debt coming from all over the world has provided the enough budget to settle the economic foundations of the U.S. This has to be seen as an advantage the U.S. needs to retribute to the less developed countries through development assistance and cooperation.

    November 7, 2010 at 10:16 pm |
  4. Agent Rasputin

    Mention big money to Area 51 & a whole new industry is created.
    Mentioning big money to Area 51 is not mentioning silly money to Area 51.
    Find out what the US Dollar is really worth.
    Stick with Commonsense@Area 51
    Dave Dawson

    November 8, 2010 at 12:59 pm |
  5. Peter

    Does anybody know where video archive is hiding?

    Please write me where could I find on internet already broadcasted programmes – e.g. Q&A Takes on QE – Navigating Stormy Seas from November 4, 2010.

    Unfortunately I couldn't find a video archive of Quest Means Business. I found a transcript on internet however I'd prefer to see it on my own eyes.


    November 8, 2010 at 1:53 pm |
  6. lucky

    why Gold price most areas of the world is flying to sky these days?

    November 9, 2010 at 9:09 pm |

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About Quest Means Business

Quest Means Business airs Monday to Friday, 1600 New York and 2100 London, and is hosted by Richard Quest.



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