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My dear BUGGS, printing money would be just wonderful if it were not for inflation. It is the economic analog of perpetual motion.
Dec 05 16:01 pm
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All Comments by unclej0 »The Deteriorating Real Economy's Financial Indicators [View article]
Lets see. Assume 100,000,000 taxpayers X $200,000. That gives us
20,000,000,000,000, or, in words, twenty trillions of dollars that you have just printed. That, I suspect, will be multiplied a few times by the magic of banking and financial derivatives that hardly anyone understands.
Does anyone have an economic model to deal with that? Well, Bernanke might actually print that much and we can find out in the real world.