Here we learn a lesson from Disney about how inflation was just as bad in Agrabah as it is in America. Iago takes Genie's power and inflates the economy with worthless jewels.
Further more, the Federal Reserve does more than print money: that is where old money that is worn out is taken to be destroyed. They are to ones that set the maximum rates on loans and tell banks what percentage of money they have to keep in reserve. If credit cards weren't being abused as they are, the economy would be fine. But we as Americans can't seem to live within our means and thus, with our magical goodie getters, aka Credit Cards, we are driving our own economy into the ground.
Do you know anything about the Federal Reserve System? It's been around since Thomas Jefferson invented it. The money it prints is not the problem. The bank system is the problem. Try taking an economics course before you start harping on the economy. In inflation occurred because anybody could get credit: lots of credit. And it wasn't monitored. Meaning that the amount of digital, credit based money floating around wasn't being controlled.
Govt should learn frm dese disney episodes!!
manu09khanna 1 month ago
So stop blaming the government for your own inability to function within your means.
And this is coming from a Republican. Just an FYI. I don't like Obama, but that doesn't mean he is the root of all of our problems.
Akalilly 2 months ago
Further more, the Federal Reserve does more than print money: that is where old money that is worn out is taken to be destroyed. They are to ones that set the maximum rates on loans and tell banks what percentage of money they have to keep in reserve. If credit cards weren't being abused as they are, the economy would be fine. But we as Americans can't seem to live within our means and thus, with our magical goodie getters, aka Credit Cards, we are driving our own economy into the ground.
Akalilly 2 months ago
Do you know anything about the Federal Reserve System? It's been around since Thomas Jefferson invented it. The money it prints is not the problem. The bank system is the problem. Try taking an economics course before you start harping on the economy. In inflation occurred because anybody could get credit: lots of credit. And it wasn't monitored. Meaning that the amount of digital, credit based money floating around wasn't being controlled.
Akalilly 2 months ago
maybe we could do that ben bernanke, tim gaitner and the other fed reservecronies
amm8399 6 months ago