lt's a waste of time and money when there are so many other pressing issues.
You don't believe a federal government meltdown is at all possible?
I think just about everything else could meltdown around it before the federal government becomes non-functioning.
If history serves as an indicator, it would seem we are due for one.
As the earth gets smaller, society's interest in status quo and stability get larger. I do, however, think our civilzation's ability for self-destruction has grown faster than our wisdom, which is sometimes worrisome.
all these examples prove my point. either you are terribly ignorant of the subject or are deliberately trying to obfuscate the facts here. i'm guessing the latter since you go on to explicitly refute your point in your later post. none of these instances of hyperinflation were caused by overprinting money.
"Hyperinflation occurs when there is a continuing (and often accelerating) rapid increase in the amount of money that is not supported by a corresponding growth in the output of goods and services."
printing money creates jobs. jobs create growth in the output of goods and services. right now there is a dearth of jobs, while meaningful labor can be done and able bodied citizens are available to do it. therefore, we will not experience hyperinflation in the us if we print money.
you don't get to the point where a loaf of bread costs a wheelbarrow full of money unless loaves of bread are pretty scarce.
it's amazing how you think your idea is somehow the silver bullet fix all that every economist and world leader just identically missed. First the Potential GDP and real GDP (aka Output Gap) in Greece isn't that large at all. It's actually not that much large than the output gap we have in the United States..
So we print some money.. and what? make some jobs. But nobody needs really any more products exported from Greece. The exportation area is already taken care of.. So we make these jobs to do what??? What Greece doesn't have they import from other countries. Something they've done for a long time.. except they paid with IOU's (absolutely tons of them to other UK countries). So what will they do with new found money.. import more products (um.. that decreases GDP). Greece has virtually forever been at the bottom end of the UK per GDP. They propped themselves up by throwing out money and filling their country w/ government jobs. They essentially bankrupted themselves.. So your fix is to .. print more money and do exact same thing?????
Now if they can find some new commodity they can export talk to me. Or they could work for subhuman standard wages and compete with Chinese exportation. Other than that.. um.. yeah. Printing money is about the most backward idea I've heard. Should they pay off their debts to every other country w/ printed money also?
“The media's the most powerful entity on earth. They have the power to make the innocent guilty and to make the guilty innocent, and that's power. Because they control the minds of the masses." -Malcolm X-
As the Obama administration and Congress continue to rack up trillions of dollars in debt while the Federal Reserve conjures ever-greater sums of fiat currency into existence out of thin air, lawmakers in Texas have officially become the latest policymakers to openly explore the potential consequences. Legislation filed recently in the Lone Star State would, among other points, require a study on the effects of having to become partially or completely independent of the federal government in case Washington is unable to function due to financial chaos.
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