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To: DuncanWaring
Nobody is disputing that the Fed can move money from one place to another.

If those ignorant of the Fed's workings knew how wire transfers or check clearing worked, I could probably help them better understand how money creation works.

The ones who don't even know how a number is changed on a spreadsheet can't be helped.

We’re asking where food comes from, and you’re telling us about trucks.

Wire transfers move by truck?

160 posted on 01/27/2009 9:58:59 PM PST by Toddsterpatriot (Havoc has been back since September. Or was it April?)
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To: Toddsterpatriot

I’m speaking metaphorically. It’s an analogy. Perhaps you’ve heard of them.


161 posted on 01/27/2009 10:01:01 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Toddsterpatriot

Here’s the problem... Just creating more FRN’s does nothing to help the economy. All it does is devalue the means of exchange making things worse. Zimbabwe prints money by the mega-ton and it’s worth less once the ink is dry than when it was still blank paper.


166 posted on 01/28/2009 5:51:03 AM PST by Dead Corpse (What would a free man do?)
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