Proposed: Global Inflation as Financial Cure

11Oct08

People desperately need money now.  So give them money.

If any one nation does this by itself, its currency will become worthless.  If you print endless amounts of dollars and give them to all American citizens, you help them wipe out their debt, but it will take a stack of dollars to buy a single Euro.

But if all nations (or possibly just all major nations) do it in concert, there won’t be much else that people could exchange their worthless currencies for.  The price of gold and other commodities will skyrocket, because there will be still be people who will be able to afford to buy an ounce here and there.  People may still not be any more able to afford food.  But the credit crunch will end, because people will have the money they need.

Advertisements


No Responses Yet to “Proposed: Global Inflation as Financial Cure”

  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: