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monopoly-money

If you thought those trillions in deficit spending were bad, consider this …

In the last twelve months, the U.S. government has doubled the amount of money currently in circulation.

That’s right, doubled it.

Here’s a graph illustrating that from the Federal Reserve’s Board of Governor’s …

us-money-supply

Wow.

We knew a little bit of “quantitative easing” was going on, but this is ridiculous – those are fiat dollars.

And not only that, their sudden infusion into our economy (with marginal effect) is potentially debilitating to consumers in a few years as we deal with rampant inflation and interest payments in trillions of dollars on new debt.

You can read more about this impending disaster over on the S.C. Policy Council’s webiste