If printing money helped the economy, then counterfeiting should be legal
Printing money is merely taxation in another form. Rather than robbing citizens of their money, government robs their money of its purchasing power.
Printing money is the last resort of desperate governments when all other policies have failed.
The greatest threat facing America today is the disastrous fiscal policies of our own government, marked by shameless deficit spending and Federal Reserve currency devaluation. It is this one-two punch - Congress spending more than it can tax or borrow, and the Fed printing money to make up the difference - that threatens to impoverish us by further destroying the value of our dollars.
Central banks have gotten out of the central banking business and into the central planning business, meaning that they are devoted to raising up-if they can-economic growth and employment through the dubious means of suppressing interest rates and printing money. The nice thing about gold is that you can't print it.
Printing money is merely taxation in another form.
In a world where wealth is growing, you can get away with printing money. Doubling the debt over the next 20 years is not a problem.
You will never solve the American problems just by printing money.
With QE3, we are essentially being bought out with our own money...and unemployment is being used to facilitate this process in a very clever manner. Monetary inflation is currently being offset by labor deflation. The way you avoid collapse is by printing money and stealing assets. The way you avoid inflation is with labor deflation.
Images proliferate. Am I wrong in being reminded of printing money in a period of wild inflation? Do we know what we are doing? Are we able to evaluate what we have done?
Printing money creates inflation, which weakens an economy. Unfortunately, this kind of common-sense thinking never seems to penetrate academic circles.
At some point, the dollar has to give. You can't just keep printing money, and monetizing debt, and buying bonds, without the dollar imploding.
Let's say I am a chocoholic and I eat tons of chocolate a day. A hundred thousands of tons a day. I have this craving, but I can't afford it, so I get a printing press, and I start printing money, and I print billions and billions to buy chocolate. So I create this boom in the chocolate industry, so stores are running out of chocolate. So they have demand, so chocolate makers expand. Cocoa growers expand. You create this great boom. But now the feds arrest me and shut me down. And now there is a depression in the chocolate industry. That's what happens with the monetary policy.
I believe in taking care of myself and teaching other people who want to learn. I don't believe in just printing money and giving money. I'm willing to teach those who are willing to learn. If you're not willing to learn, then go vote for Obama. I'm not Republican or Democrat, so don't get me wrong.
In 1736, Franklin's Pennsylvania Gazette printed an apology for its irregular appearence because its printer was "with the Press, labouring for the publick Good, to make Money more plentiful." The press was busy printing money.
It's complicated.' 'So's quantitative easing. But I still get that it means printing money.
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