To: all the best
What I don’t understand is if the government is going to monetize the debt, why make anyone pay taxes? Wouldn’t be the same thing if every year the government just printed enough money to cover the budget, say 2T/year? that is a about 20 % increase in the money supply per year.
19 posted on
03/20/2009 7:04:31 AM PDT by
central_va
(Co. C, 15th Va., Patrick Henry Rifles-The boys of Hanover Co.)
To: central_va
In a very roundabout convoluted way, that is what Obummer is doing.
I think.
To: central_va
Wouldn’t be the same thing if every year the government just printed enough money to cover the budget, say 2T/year? that is a about 20 % increase in the money supply per year. don't forget they 20% decrease in purchasing power that will follow
42 posted on
03/20/2009 9:41:09 AM PDT by
TheRightGuy
(I want MY BAILOUT ... a billion or two should do!)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson