How the Money Supply is Expanded

[farmerbyron]

But...but...Ron Paul told me that the Federal Reserve is printing barrels of money so we can ship it all to China!

There's a reason Austrian School economics is called a heterodox school of thought. I think that legitimate gripes about the economy combined with an anti-intellectual distrust of the academic establishment has led to all this anti-Fed sentiment.

The manner in which the ideas of Keynes (or even Friedman) have been implemented by our government is imperfect at best, so I don't think it's fair to blame the current situation on them. Blame the political machine that makes economic decisions.

Is it your opinion that the govt. is not trying to devalue our currency?

Every country in the world is devaluing their currency to pay off debt and make their goods cheaper to the rest of the world. It is a race to the bottom.

 

[ignerntbend]

I had always thought that when people said "the Treasury will just print more money", they meant it as a kind of metaphor like, "the boss screwed me and put me in charge of the big broom closet."
Surely, like most things, this expression was never meant to be taken literally.
I guess my Asperger's prevents me from understanding your Asperger's.

 

[redmax51]

Wait!!!!!..........are you guys telling me that everything I read on the internet isn't true and accurate??