Tio Chano vs Professor Profligacy
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I always forget to make it obvious that some of my comments are made with snark. But you're ultimately proving what I was trying to say.
JBSauce 2 years ago
OK I'll bite. The value of the dollar bill isn't in material (ie gold) but good faith in the value goods behind the bill. Currently the production of valuable goods are down. Without even producing more bills the value of the bills are decreasing. Now if one prints more bills. That means... The value of the bills are reduced even further. That's part of the reason why a dollar purchases less bread, apples and hamburger today than it did 10 years ago.
damntech 2 years ago 2
Ah, good now!
So the deficit's going to be increased by around 3%, so what? We can always just print more money.
JBSauce 2 years ago