Economics Made Economical

Monthly Archives: October, 2012

WARNING: Fed’s Printing Money Is A Crock

No matter how indebted the U.S. government becomes to Social Security, Medicare, foreign aid, pensioners, China, and the Federal Reserve itself, the Federal Reserve chairman, and most American politicians, keep insisting that that debt is somehow irrelevant because “we can always print more money”. What is conveniently not mentioned is the just-kinda-somewhat-a-little-bit-important fact that printing …

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