One more thing to argue about until the cows come home.
Printing more money is a bad idea. That’s inflation.
Money, like everything else, is a commodity. Whenever you increase the supply of any commodity, the value of each unit of that commodity goes down. Thus, it takes more of them to get to the same value.
All printed money has to eventually be paid back to the bankers.
A better way is to lease federal lands for oil and gas exploration and drilling, on a 25-50 year timeframe. The government should also get a percentage of whatever is found.
The bankers thought FDR was stupid. This came out in “Tragedy and Hope.” The New Deal was a way to get the US further into debt and job creation was secondary.
Trump should know this.
The fatal flaw in the thesis of this article (”just print more greenbacks” like Quantitative Easing) is that Quantitative Easing flopped. And the reason it flopped is that it FAILED TO PRODUCE INFLATION.
Read: “If Quantitative Easing Works, Why Has It Failed to Kick Start Inflation?” Global Research, Jan. 3, 2015
Well if it’s that easy let’s gold plate those bridges and highways. Why not?
While they’re at it, I’ll take $50 billion in cash that doesn’t need to be repaid.
As long as they’re printing.....
I promise to spend a lot of it in America, boosting the economy, of course.
https://www.theinvestorspodcast.com/richard-duncan-alan-greenspan/
This explains how quantitative easing saved the day in 2008 but screwed the world and especially China