Comments on: Do you know why printing more money may not decrease the dollar and may be the best thing for the economy?

By: gitrdoneobama

gitrdoneobama — Sat, 24 Oct 2009 14:58:21 +0000

Yea, thanks for the explanation. I always hear average people thinking the dollar is going to tank, yet economists think otherwise. So I have to believe the economists over the average American.

By: Ayers Pfleger & Wright R Nuts!

Ayers Pfleger & Wright R Nuts! — Sat, 24 Oct 2009 14:58:21 +0000

Holy COW! Lots of other countries tried this over and over an over again! IT NEVER WORKED! That is why True HISTORY is so important! Japan did the same thing and they ended up Worse! For A decade they did this crap!

By: It came with the frame

It came with the frame — Sat, 24 Oct 2009 14:58:21 +0000

I didn’t read all of your question. This was explained to me already. It is very dangerous.

By: Chicken Sh1t Obama

Chicken Sh1t Obama — Sat, 24 Oct 2009 14:58:21 +0000

It depends of you believe that economic theory will work. I don’t.

By: Lost in space.

Lost in space. — Sat, 24 Oct 2009 14:58:21 +0000

Yeah,its called Hyper- inflation.

By: Locket

Locket — Sat, 24 Oct 2009 14:58:21 +0000

I beg to differ with you.
Why do you think other countries are growing evermore reluctant to deal with the American dollar?
When we print money with no backup, it will soon be no more than play money.

By: John Adams

John Adams — Sat, 24 Oct 2009 14:58:21 +0000

The only good thing that will come out of it is it will be easier to export goods. Exporting creates jobs. Jobs give money. Money gets you more food. The economy is then driven, but inflation may soon follow.

By: Fakename

Fakename — Sat, 24 Oct 2009 14:58:21 +0000

Youre right on here. There isnt much useful I can add that is not self explanatory. I thing throught the economy in a similar way.

Nobody at the federal reserve understands what you just explained. They are all pretenders, hacks who fake their way along.

By: Angelina

Angelina — Sat, 24 Oct 2009 14:58:21 +0000

Yes, but you know that they will have to re-absorb this money in a year or two, it can’t stay out there, and that is tricky to do. This has never been tried on this scale before, everything has to work perfectly in order for this to work as you say…

By: Sageandscholar

Sageandscholar — Sat, 24 Oct 2009 14:58:21 +0000

In the face of deflationionairy pressure this process, known as quantitative easing can be effective.

As for Japan’s experience - the jury is still divided on exactly how effective it was - but the answer claiming it made things worse (and that this is tried all the time) is flat wrong.
http://europe.pimco.com/LeftNav/Viewpoints/2006/Masanao-+Quantitative+Easing.htm