Duck Tales Inflation Lesson

I remember this video long ago. And it is sad that is what is going to happen to this country. Not too long off now..

cool!

I love the "I'm in college so I know", well I AM an economics (as well as Finance) major and db you're not making much sense either.

In fact, I've taken two courses: one specifically on the great depression, and the other on monetary economics. It's funny how wrong you are lol.

Keynesian economics healing our woe's. ROFL.

As you stated, the majority of our economy is made up of small businesses. If banks like AIG, Fannie, Free, GM, Ford, Citi, BofA, and Goldman Sachs failed then other smaller banks would've taken over. You obviously aren't even listening to anything I have said so this conversation is over.

Smaller banks don't have infrastructure. You and I both know that. They may take over, but it'd take a while.

"then get paid for the interest with our money"...Huh? Explain...cause that's not right at all. It's clear you don't know about the current economic situation, and you're just blathering on about what you saw in the video and from Econ 101....Go away troll.

Do you even know how money is put into circulation? You're obviously sounding stupid right now. If the information I would've said would've came from Econ 101 it would've been backed up by research. Please think about what you're saying. To say I'm trolling in a comment section of a video that agrees with my views is funny as well. It shows you don't even know what a troll is because you're the one trolling.

I'm well aware of how money is put into circulation. There's actually more than one way, but since you know more than me, you know this already. And you're right, you probably didn't take Econ 101...or go to a college and get a degree, or for that matter pull a Good Will Hunting and have a library card. So far, you've only shown that you know that monetary infusions create inflation...other than that I'm kind of confused at why I should be having the argument we're having right now.

Being that you obviously have no clue about how money is put into circulation in the US I'll let you know. Money is put into circulation by a simple process. The treasury issues the Federal Reserve bonds and the Federal Reserve loans the government money with interest attached. We as taxpayers pay for that interest with the taxes we pay every year. Banks like Goldman Sachs have taken advantage of this as well by getting free money from the fed and loaning as well.

Day in the life of onesleepykid: Open Econ textbook. Flip to page 91. Read paragraph on the Fed and creating money. Type into comment box. Add insult about db0255's knowledge.

Good formula. Except that there's more than one way to skin a cat and there's also more than one way to put money into circulation in the US. I'm not at all trying to make this a dick-swinging contest, but fact is that there is MORE than enough proof out there that what Obama is doing is sound economically.