Everything can be fixed by printing more money

bronco2078

An interesting read

Differences between a taxation based economy and a money printing economy

roadrunner

Good read, thanks Bronco. In other words, the govt picks the winners....and the losers. More printed money leads to higher prices, and that leads to more taxes and wealth redistribution. You can't do that as easily when prices are stable or declining.

The TBTF banks were not satisfied with the govt just printing money. They went out in 1999-2001 to ensure they had their own separate and totally unregulated alternative fiat monetary system....otc derivatives. And the real irony is that these derivatives now have a strangle hold on both the financial system and the economy....to the extent that killing the parasite will potentially kill the patient.

jmski52

Inflating the currency also compounds the progressive tax tables by bumping marginal tax rates up as more people have increased nominal incomes. All this without actually increasing production of goods or services.

The flow of new money goes directly to the bankers before it goes anywhere else. Dang, if I could do that in my business without actually having to work I'd be rich, rich, rich.

The TBTF banks were not satisfied with the govt just printing money. They went out in 1999-2001 to ensure they had their own separate and totally unregulated alternative fiat monetary system....otc derivatives.

Oh, you mean the dark pools that lost money and that we had to bail out? The winners won, and the losers got bailed out. And now "we" are at $18 trillion. I think I've got it right. Someone correct me if I've misunderstood.

bronco2078

The answer is always print and print some more. Next step is issuing a free check to every citizen not just 48% of them. .

BLUEJAYWAY

<< <i>Inflating the currency also compounds the progressive tax tables by bumping marginal tax rates up as more people have increased nominal incomes. All this without actually increasing production of goods or services.

The flow of new money goes directly to the bankers before it goes anywhere else. Dang, if I could do that in my business without actually having to work I'd be rich, rich, rich.

The TBTF banks were not satisfied with the govt just printing money. They went out in 1999-2001 to ensure they had their own separate and totally unregulated alternative fiat monetary system....otc derivatives.

Oh, you mean the dark pools that lost money and that we had to bail out? The winners won, and the losers got bailed out. And now "we" are at $18 trillion. I think I've got it right. Someone correct me if I've misunderstood. >>

What number over $18 trillion does it become a "real" problem.

bronco2078

<< <i>What number over $18 trillion does it become a "real" problem. >>




Never become a real problem , its working exactly as intended.

roadrunner

Printing money delays the much bigger bond bubble - Armstrong's big bang.

Various references to the Big Bang

BLUEJAYWAY

Wonder when the 1 trillion plus student loan debt will be addressed. It now supercedes credit card debt.