Why does the average American citizen not understand that printing money and spending without limits will put the payback debt on his shoulders?
2007-11-27 19:48:06 · 8 answers · asked by skotkolr 2 in Politics & Government ➔ Elections
300% inflation has been occurring since 1971
2007-11-27 20:09:43 · update #1
under a gold standard the inflation rate was much lower and kept government spending in check. undeniably the unaccountable federal reserve has things well in hand...
2007-11-27 20:26:43 · update #2
let me see 1.9 trillion on top of the current over budget budget...seems like the inflation rate is a bit higher than 4 % you want to try those prefabricated federal reserve numbers again ?
2007-11-27 20:41:30 · update #3
who said anything about just limiting this problem within this century? it is a constant problem that we must address.
2007-11-27 21:06:28 · update #4
We came out of the last recession fairly well with Reagan's trickle down economics, in which the Clintons screwed up and left a bed of mess for Bush, therefore we are resilient and can do it again provided we keep the Clintons out of the White House. I believe we are in for a pleasant surprise from GWB.
2007-11-27 20:15:50 · answer #1 · answered by Anonymous · 2⤊ 4⤋
There was inflation under the gold standard too you know. And the Fed has actually managed inflation very well over the past 30 years. M1 has hardly grown in that time despite RP fans trying to pretend we print money with wild abandon.
And since in previous attempts at fixing currency our trading partners did the same even they do not present a good comparison since we would be alone in doing so in the modern world.
I think the average American understands perfectly well that we are a lot better off trusting a non partisan but accountable government agency to manage inflation than tying our currency to some shiny metal that itself has only arbitrary value, and in so doing leaving our currency at the whim of South African miners and Chinese speculators.
2007-11-28 04:15:50 · answer #2 · answered by Sageandscholar 7 · 2⤊ 1⤋
I like inflation. My Social Security retirement benefits go up every year.
2007-11-28 04:15:38 · answer #3 · answered by regerugged 7 · 3⤊ 2⤋
You mean a following generation's shoulders. The Washington mentality is to let them worry about it.
2007-11-28 03:58:52 · answer #4 · answered by Anonymous · 2⤊ 2⤋
Vote Ron Paul he is the only one with a plan how how to stop this, and combat it in the future.
http://www.ronpaul2008.com/issues/debt-and-taxes/
Thumbs down from neo-con scum is a Red Badge of Courage. I love my country, not my government.
2007-11-28 06:41:17 · answer #5 · answered by idontknow 3 · 0⤊ 3⤋
We foggies do! It's the dumb downed youth that are the "beneficiary's of the "debt to be paid in full"!
2007-11-28 04:14:23 · answer #6 · answered by Anonymous · 2⤊ 3⤋
thats why it is imperitive to get ron paul elected. read his agenda if your not familiar with it. ronpaul2008.com
2007-11-28 04:50:15 · answer #7 · answered by trooper753 5 · 1⤊ 2⤋
Won't be on mine.
2007-11-28 03:51:14 · answer #8 · answered by Anonymous · 2⤊ 1⤋