After printing trillions in new currency will we be seeing hyper inflation?
After 3000 years of civilization tying currency to metals, the US, under Nixon, left the the gold standard in 1973. With the US now printing trillions of dollars, will we see hyper-inflation in the future?
America is veering towards hyper inflation anyway, unfortunately, due to the old adage: reap what you sow.
by sannyasinman 5 years ago
As as we know, the FED does not actually print dollar bills anymore; they just add a few extra zeroes to the current account balance in their computer system each month? So, why don’t/can’t the other countries of the world just do the same? Does anyone know?
by John 5 years ago
How do you think cutting the federal spending will help the economy?
by Robert Carbery 19 months ago
Was the minimum wage ever intended to be something you can live on and support a family with?
by ledefensetech 9 years ago
http://dailyreckoning.com/a-financial-world-gone-mad/It's getting cheaper and cheaper to live in the US. Of course all bets are off when the inflation from the massive deficits hit us next year. So much for the specter of deflation.
by Doug Hughes 8 years ago
In 20 years, the history books will call this the 2nd depression. We are in a liquidity trap, according to Paul Krugman, nobel-prize economist. That’s central to the problem. “The term liquidity trap is used in Keynesian economics to refer to a situation where monetary policy is unable to...
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