Quote:
Originally Posted by Shazam
People don't understand that inflation doesn't really seem to be going up.
|
um....The US government has a technology, called a printing press that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. Eventually we pay for it.