balois

Can the US Government Afford Future Bailouts?

If I correctly understand, the authors solution goes something like this:

I can chose between this terrible thing called depression (yuck - noooobody wants this) and no limits money print inflation. Benign, mild, you will not even notice (Aha, gimme some of this, that s more to my liking).

Well why then all this fuss about a financial market crisis, Wall Street in turmoil, bail outs? Why even issue Government debt, treasury bills, bonds, notes and the like? Why not just print money, as you go, as you need. That s what the author tells us we can do. And while we are at it – why pay taxes, why doesn’t t the Treasury just send a check to every American, every month – and we all live happily ever after?

No wonder the US is in a mess when such goofy theories are making the rounds. But then why not put the entire world on halluncinogen and off we are to financial Nirvana

And if someone doesn’t t want to buy into this idea of paradise on earth, there are still mighty military options open – with no limits, with all the resources one can dream of, paid with the no limits Government money print our author just invented.
Mind boggling!

Have a good day