The Main Scream Media is finally speaking to the issue of the result of our govt aggressively pumping more and more money into the economy – inflation.
Finally this truth is gaining awareness: if you print twice as many dollars, each one will be worth half as much. Of course, we won’t see this inflation until monetary velocity returns to normal (monetary velocity is the speed with which dollars trade hands).
Then suddenly, mysteriously, we will revisit the Carter years of inflation. I’d like to see the return to some sort of monetized currency (such as a gold and silver standard) before Carter inflation can occur, but see no enthusiasm in that direction (sigh!).
You liberals out there, with your supposedly soft hearts, should be especially concerned about inflation because inflation creates poor people, and causes pain to the already poor.
Concerning the govt loaning billions to the American auto makers, I say go ahead and loan them the money but as soon as they are solvent again, make them break up into smaller companies, on condition of getting that money.
Any company that is “too big to be allowed to fail” should be split up under the Sherman anti-trust laws, no exceptions. GM is one of the most poorly run corporations existent. Rescue it, then kill it.
Grimgold
http://www.treehugger.com/20081209-the-bailout-shitty-cars.jpg
Comment by Rainlander — December 9, 2008 @ 3:42 pm