[dalereed]

"What is this and how do they do it? Is it like a second mortgage on the house?"

It's called printing money to finance the national debt instead of selling bonds. It's called inflation, only the fed can create inflation. Wages nd prices are an after the fact result of their horrid policy.

That's what they did durring the Carter years.

[RightWhale]

We should expect inflation at some point. The Federal debt can be brought under control in that way, as well as private debt. Those on fixed income will starve, of course.

[A. Pole]

Wages and prices are an after the fact result of their horrid policy.

But now wages and prices could be falling. If inflation is bad, is deflation so great?