[henbane]

"It costs MORE to borrow than it does to print and there is NO empirical evidence that borrowing is less inflationary than printing. Oh well! That’s just another of those stupid myths."

Armstrong makes some very good points in his article, but the one above is not among them.

Weimar Germany in the early 1920's offers the solid empirical proof required by Armstrong--an ecomomic system committing suicide by printing press.

A 1 Billion Mark Bank Note from the Weimar Republic

[Razzz42]

You are missing the point about having to pay interest on bonds which are printed in lieu of actual money (printing). Besides, Wiemar was being forced to pay off war debts to other countries which ruined their local economy, the punishment for warring and losing. Where’s Wiemar today after the world banks inflict a depression on the world, at the time, starting with Wiemar?