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Thread: Consequence of Printing More Money

  1. #1
    Senior Member Franco's Avatar
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    Default Consequence of Printing More Money

    Here is what the Wall Street Journal has to say about Obomo's solution of just printing more dollars.

    http://online.wsj.com/article/SB124458888993599879.html
    It's such a shame that in the USA, defending Liberty has become such a heroic deed.

  2. #2
    Senior Member Steve's Avatar
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    Don't need to read the article. It's very simple, if the supply of money increases and the output of goods and services decreases or stagnates, the money will be worth less.

    Doesn't take a PHD to figure that out
    Kelly, Weis, Willingham, & Davies

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    Senior Member Franco's Avatar
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    Quote Originally Posted by Steve View Post
    Don't need to read the article. It's very simple, if the supply of money increases and the output of goods and services decreases or stagnates, the money will be worth less.

    Doesn't take a PHD to figure that out
    I didn't post it for you!

    I posted it for the Democrats to read. Afterall, they don't see the problem with printing more money.
    It's such a shame that in the USA, defending Liberty has become such a heroic deed.

  4. #4
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    One thing it can do, and has done in the past is screw up those that hold our debt. Didn't we really screw up the Japanese by borrowing a lot from them in the 70's/80's, then hyperinflated our dollars so they wound up with 50% on the dollar when compared with goods or gold? If we were to do that now, we would be getting the better end of the deal on China, but China has already warned us it would be pissed off if we over printed $$$.

    I don't want us to do it, because I don't forsee getting any raises that would keep up with or exceed inflation.
    Terry Britton, P.E.

    Engineers believe that if it isn't broken, it doesn't have enough features yet.

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