If the current currency trending continues, the ink the Fed uses to print the American dollar -- will be worth more, maybe a lot more.
Dollar plunges to fresh lows against euro, yen --again!
Fed is printing more money....
“Fed is printing more money....”
But is it printing enough?
Let’s think about this a minute. Some complain that the fed is injecting too much money in the economy. But how much money has been “burned” out of the economy by all the losses that home owners, banks, shareowners, etc. have sustained. I would venture to guess that it’s well over a trillion... and counting - all gone from the economy. So if the fed is injecting money to keep the current situation from destroying even more wealth, is that bad? In fact, should it do even more? Do we want another great depression? Check out Friedman’s “Free to Choose” - he claims the depression happened because the fed did not do ENOUGH.
I really don’t know what the answer is. But it’s something I never hear addressed. I imagine given that we had a bubble, things were overvalued and that may have to be flushed out of the system, but as the bubble pops I hope we can do something so we don’t end up with the gum down our throat and choke on it!
This money thing is very complex... if someone in FRdom understands this stuff, I would sure like to hear from him/her.
If the current currency trending continues, the ink the Fed uses to print the American dollar -- will be worth more, maybe a lot more.
Dollar plunges to fresh lows against euro, yen --again!
If the current currency trending continues, the ink the Fed uses to print the American dollar -- will be worth more, maybe a lot more.
Dollar plunges to fresh lows against euro, yen --again!
for all the extremely pedantic posters who have clogged up other threads on Friday with their sophmoric obsession with allegory-free postings it is hereby stipulated that the term "print money" is used herein as a convenient shorthand for the process of creation of additional debt based fiat money via the mechanism of ledger entries by existing member banks of the Federal Reserve System, and is not meant to imply actual printing of physical federal reserve notes by the US Treasury in every instance.