The Bush Bailout Plan
On Oct 1, 5:33 am, wrote:
Real money, like matter, is neither created or destroyed.
I was with you up until here. Yes, indeed, money is created all the
time. Ben "printing press" Bernanke makes sure of it. Each new (not
replacement) dollar that rolls off the presses devalues the ones in
your pocket by a little bit. The government can create as much as it
wants. Secondly, our money isn't "real" anyways, since there is no
standard behind it. It's just paper we place a perceived value on.
That value can change anytime, just ask the Zimbabweans...
Jon.
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