Play 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 …
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 …
Comments
By Toyota Kawaski on April 3rd, 2009 at 8:13 am
wow fits i see we are up early cutn and pastn
By rick on April 3rd, 2009 at 8:41 am
Gonna be fun for those with money and hell for those without….oh wait, they have Obambi to save them. And Fits….maybe you should do a little more work and inform your readership of the effects that inflation/hyperinflation mean. Anybody got a wheelbarrow factory?
By Pat Hendrix on April 3rd, 2009 at 8:47 am
One positive that come out of the inevitable jump in inflation – and it’s coming – debtors can really clear their books. I’ve got a student loan that I would love to pay with a wheel barrel of ZWDs, cough – I mean USDs.