If the USA Government keeps printing money, what will happen to a typical affluent US citizen in the long term?
Inflation is the wrong answer. As history told us, the Fed is capable of taking inflation under control simply be adjusting interest rates.
The decline of the dollar seems to be a good thing because a week currency gives US companies a competitive edge when they compete with non-US companies. Most affluent US citizens invest most of their money in US companies instead of putting all eggs in one basket: the dollar.
Do you see a problem facing US citizens if the US Government keeps printing money in the future? If so, what are you going to do about it?
To let us understand your answer better, tell us whether you are...
1. A US government official or working for the Federal Reserve;
2. A US permanent residence/citizen (non-government and non-Fed);
3. A non-US government official; or
4. Someone who lives in a non-US country and doesn't work for the country's government.
2006-12-29
03:30:18
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9 answers
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asked by
John
3
in
Economics