Sunday, February 22, 2009
Monetizing the Stimulus Bill
I know I have been sharing a lot of political information with you all but I feel it is our duty to stay informed and use our anger to act. When you hear we are monetizing the stimulus bill, that simply means we are printing the money for it which is silly. Money is meant to represent the goods behind it and unless these things are increasing at the rate they are printing the money, which mostly likely they are not, the money will inflate, i.e. not buy as much as before. Excessive inflation is a bad thing as you will learn in Economics 101, especially for those of us who have money tucked away or who don't plan on salaries increasing as quickly as the cost of goods do. The clip is about 4 minutes long and it is worth watching if staying informed is something you value. Not to mention you will not get this side of the story anywhere else.
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1 comment:
Crazy. Where will it all end?
I like what Glen Beck summarized on a "War Room" show. He said that Faith is the main quality exemplified by people who survive terrible things. So we have a head start, lets keep building our temporal and spiritual storage!!!!
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