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quaker bill

(8,266 posts)

3. Only one problem

Reply to phantom power (Original post)

Tue Sep 25, 2012, 07:47 PM

Sep 2012

People would stop believing money was valuable if it just came wafting down out of helicopters. Once the belief in the value of money is lost, hyperinflation begins. There are very good sociological studies to back this up. Money is worth more than the recycling value of the paper only because people believe it is. This belief must be maintained, and it is precisely the job of the FED to do that.

However, handing it out liberally for something, anything people thought had value, would be just fine.

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Highlight:

Column: Why not drop money out of a helicopter? [View all] phantom power Sep 2012 OP

Let me know when it happens gopiscrap Sep 2012 #1

Well the Fed chairman's nickname is... orwell Sep 2012 #2

Only one problem quaker bill Sep 2012 #3

The Fed is creating money equal to the mortgage assets it buys. banned from Kos Sep 2012 #4

If they did drop money from a helicopter.. Teamster Jeff Sep 2012 #5