 AlcoholPremium
join:2003-05-26
Climax, MI
kudos:3
 ·Comcast
| reply to matrix3D
Re: Greece! said by matrix3D:Obviously, you've never studied economics at all. Increasing the money in circulation does nothing except devalue the dollar and trigger inflation. You can't just go pick more bills off the money tree. True for every country and semi true for usa. Being #1 gives us the confidence of investors. Which is why the dollar is considered the safest investment in the world.
We can print/borrow money for now, until the dollar devalues enough that people lose confidence, but i don't see that happening anytime soon.
US deficit will always exist as no president wants to be the one to raise taxes and cut budgets due to politics.
All we can do is not spend excessively but that isn't happening with the current President and and previous one didn't help the cause.
--
I found the key to success but somebody changed the lock. |
