11-29-2011, 08:50 PM
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Too lazy to set a custom title
Industry Role:
Join Date: Dec 2005
Location: Narnia
Posts: 10,764
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Quote:
Originally Posted by raymor
Printing more devalues the money in your bank account and your pay checks. It's supply and demand. So the effect is the same as if they withdrew money from your account - your account now has less buying power.
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If the Fed deposited $20,000 into the bank accounts of EVERY SINGLE MAN WOMAN AND CHILD IN THE UNITED STATES they still won't have spent $7 trillion dollars. |
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