"The economy is still in a slump" ikr? A friend of mine is still trying to find a job. And they've been looking for a not-so-short while. we need them to print extra money to refresh that evil economy :-P
I've heard it said that the United States has the only government in the world that can legally create money from nothing. The problem with this is that the more money we create that isn't tied to anything (such as Gross Domestic Product or the actual value of stuff in our nation) the less worth all of our money is going to have. This is why, as the deficit has gone up, the value of the US dollar has gone down in foreign markets. If the currency were to be devalued in foreign markets enough, it would become overabundant and essentially worthless on American soil as well. It's what led the the collapse of the Soviet Union, and I've heard some people say they see signs of the same thing happening here.
I know. But I've heard that the US is the only country that can legally generate funds just for the hell of it. Like, other countries have laws or clauses that keep them from doing that. I don't know how true that is though. It might be outright false.
Comments 5
we need them to print extra money to refresh that evil economy :-P
Reply
Reply
(The comment has been removed)
Reply
I am about 89% sure that blood sausage is against my religion.
Reply
Makes you wonder if they were really sick or just being ignorant.
Reply
Leave a comment