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Post by hank on Jan 16, 2009 8:38:48 GMT -8
Evan, the "money" used to pay for the new administrations programs won't come from cash.
Since the new administration hasn't even taken office yet, I'm sure the two events are entirely unrelated and coincidental.
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Post by george1861 on Jan 16, 2009 9:53:08 GMT -8
Actually I was very surprised when Hank responded to a paper letter I sent him requiring restitution (is that the right word here?) Good for Georgers, bad for inflation and the already piss-poor economy. Evan That should be requesting.... Hey high inflation from allthe recent spending, muchless new spending. |
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Post by Brad9883 on Jan 16, 2009 14:05:07 GMT -8
Actually I was very surprised when Hank responded to a paper letter I sent him requiring restitution (is that the right word here?) Good for Georgers, bad for inflation and the already piss-poor economy. Evan That should be requesting.... Hey high inflation from allthe recent spending, muchless new spending. I've said it before and I'll say it again. The reason there's no inflation (and, in fact, there's a deflation) is because none of the money being pumped out is being spent. The velocity of money is slow compared to the amount of money in the system. But what's the point of government-funded economic stimulus if the money wasn't meant to be spent? The inflation will come around to bite us in the arse in a 18 months or so. |
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