Yes, I have heard the argument that the inflation will cancel out the deflation and that in any case the government can grab it back, but printing money right up until a few weeks ago was seen as a last resort, an act of desperation and a very bad thing. In those days, all those weeks ago, inflation was also a bad thing.
I don't understand money much either. I've always relied on “Teach Yourself Double Entry Book Keeping” For every little debit in the world there is a little credit. It is easy enough to work out for loans but where is the debit entry for this credit entry of $2.5 trillion? It sounds too good to be true to me. I mean, if it was that simple as that why haven't we done it before? And why do they need to use euphemisms such as "Quantative Easing" and "Expanding the balance sheet?" --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""Minds Eye"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/Minds-Eye?hl=en -~----------~----~----~----~------~----~------~--~---
