[fhayek]

Inflating the currency is what you do when you have racked up a mountain of debt and you don’t have a clue of how to meaningfully grow the economy.

[Hoodat]

Inflating the currency is what you do when you have racked up a mountain of debt and you don’t have a clue of how to meaningfully grow the economy.

DNG DING DING !!! WINNER !!!

[The Antiyuppie]

“Inflating the currency is what you do when you have racked up a mountain of debt and you don’t have a clue of how to meaningfully grow the economy.”

Yep...we could pay the Chinese back pronto, with a wheelbarrow of $10,000,000 dollar bills...I think that they would be rather unhappy about it, though.

[cherokee1]

That’s exactly right and it’s basic econ 101 which I studied half a century ago. Gov’t’s itch to pay off their debts with inflated dollars which is the main reason we went off the gold standard. The ONLY THING that makes gov’ts hold back on inflation is fear of pitchforks. Inflation is a friend to no one except gov’t. PRODUCTION is what makes an economy grow-—not phony money.

[1010RD]

It comes from teaching generation after generation that a “little inflation is good” and the government can manage economies.