sleeper;1477985 wrote:There isn't enough money in real terms BS. I'm well aware the Fed can just press buttons and create money out of thin air, but will that money be able to buy anything?
You do realize you're a huge douche right?
People are so obsessed with the possibility of inflation. There has never been a hyperinflation in a country that 1). Had sovereign control of its currency. 2). Had a floating exchange right and not a fixed exchange rate 2). Issued debt in its own currency.
The high inflation of the seventies and into the eighties had to do with the oil supply shocks that filtered in and caused inflation all over the world and the decoupling of the world from the Bretton Woods system.
Central Banks around the world have done everything short of helicopter drops to try and generate inflation (almost) and they have failed. Generating inflation is hard. And, we're doing everything to fight it to by continuing to take money out of the economy with taxes that are too high and spending that is too low.
Look, we empower the government with enough firepower in nuclear weapons that they could blow up the entire world. We can trust them not to blow up the world but we can't trust them not to blow up the currency??? Crediting bank accounts with new dollars for Social Security, slowly and overtime and taking less money out of people's pay checks isn't going to be sufficient to do it I will tell you that right now.
