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To: Samurai_Jack

Sure, but milk would still be ten dollars for everyone, regardless of where your money came from.


13 posted on 03/20/2014 2:54:42 AM PDT by Hugin
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To: Hugin

No, the price of the milk would inflate to adjust for the fact that more money is available to buy it, but the quantity of milk did not increase.


14 posted on 03/20/2014 2:58:19 AM PDT by exDemMom (Current visual of the hole the US continues to dig itself into: http://www.usdebtclock.org/)
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To: Hugin

Sure but then people living on the basic guaranteed income couldn’t afford milk

So they would need more guaranteed income

then the price of milk would go to $15

Now multiply this by every item money buys- shelter utilities food transportation clothing medical care insurance-


36 posted on 03/20/2014 3:46:43 AM PDT by silverleaf (Age takes a toll: Please have exact change)
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To: Hugin

If the price of everything tripled or quadrupled you would create poverty because everyone’s accumulated wealth would only be worth 1/3 or 1/4 of what it was.

$10 for a gallon of milk?

Maybe a $10 gold piece but not paper.

The guy producing the milk would have his accumulated wealth wiped out by the increased cost so there wouldn’t be anymore milk for the masses.


69 posted on 03/20/2014 4:56:16 AM PDT by IMR 4350
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