monetary policy exit mechanism
Posted on Aug-06-2009 · by china investor ( china investor had published 8860 articles)
Just 20 mins ago, I read a news subtitles under CCTV, which said england will think about monetary policy exit mechanism, it confused me, because I just read a report from reuters.com which said england add £ 50,000,000,000 to support “Quantitative easing program” .
Actually , I read a chinese report from cfi.net.cn which said The Central Bank Of China is talking about the monetary policy exit mechanism. The report said somebody think there are a obvious sign of economy recover, and finical crisis nealy ended.
I very trust CCTV, but these information shown different way , it really confused me. But from my eyes, there are more important problem then about will england add or reduce money from the market. This problem is Efficiency Of Monetray Policy . I read many report said in england or USA, The bank do not hope give factory loan , do not hope give people loan to support house and custom , but these bank had accept many many money from country and people to pass “THEIR CRISIS” . But the result is these bank take money from people , but not return money to people , The multiplier effect of monetary stopped, at the same time, these bank distribution of high salary to their staff in the “PEOPLE’S CRISIS” . Now the controler just take people’s money to support self-service , but many many people lost job and living the street . If these bank can not support the goal to help factories and woker, why we give money to them? From Greed to Fear, it just only 8 months. I believe the bank system should not only pay attention to owner’s profilt, but also the bank system should pay attention the “Social Responsibility”. If these bank can not support social responsibility, the center bank should build another way to support the facorties.
OK, In china, also I think the most important problem is employment ,we should let demographic dividend be a good thing, not a burden, many people born after 1949, from 40,000,000 to 1,300,000,000 , just a short time! The first baby borned in 1949 will retirement in this year , and in a short time, china will have many many old people…..
China can not only depanded export or depanded Houst to support today and feature, we must change our model of economy growth, we must let people can get house in 5 years , not 30 years, we must let young people become worker and customer, not unemployed youths . The money should been use build the jobs, not used to support house price.The focus of monetray policy should changed to increase the job , change the structure of economy, let university graduates become researcher and high-tech workers, not unemployed youths or nanny. The focus is not amount, The focus is efficiency! Do not waste valuable asset to build a “Asset bubbles” , we should let people easy to get house and easy to get job, let china become more civilization and more high-tech, realease the power of creative ability in china people, not help a littler people get more money, that is not the goal of reform.
Tags: reform





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