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Scare Tactics
It should be kept in mind that it's not always bad when the US Government prints money. I'm especially glad this got addressed: If that new money is supposed to make the dollar worth less, then why is the rest of the world fleeing to the safety of the dollar, instead of fleeing away from what you say is the soon-to-be-worthless dollar?
Because the net effect is more or less zero if EVERYONE else has to print money like there's no tomorrow.
Alternatively, if the rest of the world's economy (and by all accounts it is, at least in the industrialized world) is hosed too, well, it may well be a question of the dollar being the only--or at least the best--game in town!
Posted by: Mark on April 14, 2009 07:09 PM