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Friday, January 28, 2011
ARTICLE: Paper Money Madness - Inflation-Fueled Economic Growth Does Not Indicate That An Economy Is Getting Stronger
Imagine if suddenly everyone in the United States had the amount of money they owned instantly doubled. Would the U.S. economy be twice as healthy? Of course not. Very quickly prices would rise to meet the new level of money. Well, in the United States today our "authorities" are pumping massive amounts of new dollars into the system. That is one reason why so many people are so upset about the Federal Reserve's "quantitative easing 2" program.
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