Let's Just Say It: Print More Money [View article]
To complete SWRichmond's statement:
"Be careful what you wish for."
You just might get it, good and hard.
It appears that "Zimbabwe" Dirk won't be happy until the FED sends every household a check for $100 Trillion so we can all pay yoff our debts and spend, spend, spend to keep the economy going.
Dirk, have you considered the impact on society as a whole when we reach the point where the US dollar becomes a "hot potato" and nobody wants to keep it in their pocket overnight for fear it will lose too much value? Research Weimar Germany. They had to pay people twice a day because the value of the Mark fell so fast.
At what point do you suppose the rest of the planet will decide they don't want dollars either? When we get there and every other country rushes to sell their dollar based holdings for whatever they can get, how do you think that will impact international trade, or prices here in the US?
Do some research Dirk. Read some works from the Austrian School of economics. Google "crack up boom". What you are proposing is what got Zimbabwe where it is today and it ain't pretty.
Let's Just Say It: Print More Money [View article]
"Be careful what you wish for."
You just might get it, good and hard.
It appears that "Zimbabwe" Dirk won't be happy until the FED sends every household a check for $100 Trillion so we can all pay yoff our debts and spend, spend, spend to keep the economy going.
Dirk, have you considered the impact on society as a whole when we reach the point where the US dollar becomes a "hot potato" and nobody wants to keep it in their pocket overnight for fear it will lose too much value? Research Weimar Germany. They had to pay people twice a day because the value of the Mark fell so fast.
At what point do you suppose the rest of the planet will decide they don't want dollars either? When we get there and every other country rushes to sell their dollar based holdings for whatever they can get, how do you think that will impact international trade, or prices here in the US?
Do some research Dirk. Read some works from the Austrian School of economics. Google "crack up boom". What you are proposing is what got Zimbabwe where it is today and it ain't pretty.