DougM

Let's Just Say It: Print More Money

Dirk, on the other side of those loans are millions of savers who did not recklessly overleverage themselves. Your plan to wipe away the debts of the imprudent through inflation will come at their expense. What's your plan then, take them all on as wards of the state, printing yet more money for that? And what do you think will happen in the long run if you prop up the over-consumers at the expense of the savers? Google Warren Buffett's 2003 article in Fortune where he talks about Squanderville and Thriftville.