Can someone explain to me like a 5th grader (e.g. Michael from "The Office' about budgeting) what is going to happen when all of the money that has been pumped into the economy is running after too few of goods?
Well I can kind of explain what is going to happen....its called inflation. The layman's definition of inflation is too much money chasing too few of goods. Inflation is what Jimmy Carter brought with his quick fix government programs (a la Pres. Obama). Inflation is also what brought Ronald Reagan into office (Republicans have nobody...although after voting for an African American, maybe a Mormon can also be acceptable???).
I guess my point is that these quick fixes are going to intially help some families financial but what happens when inflation creaps up to the high teens as seen with Carter? Who does inflation hurt more? While it is nearly impossible to argue the marginal benefit of a dollar, I would venture to say that the high cost of money hurts those without and it simply hinders those with it.
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I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
Thomas Jefferson, Letter to the Secretary of the Treasury Albert Gallatin (1802
Hey i Didnt say it. I can understand the concept of infusing the job market. The viable option is to increase the tax base not decrease it like we are seeing in todays market. Yes i understand that certain companies have taken greed and excess to a new definition. we can only trust that by creating jobs albeit Government supported (Taxpayers pocket book) at stake. I would rather the investment from our Government come in the form of infastructure then a complete bail out of banks and car manufacuters that understand geed better then anyone.
The jobs that create through the rebuilding of our nation have a cascading effect on the local economy. Hey thats my 2 cents(which is now worth .000002)
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