05-09-2013, 05:45 AM
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lurker
Industry Role:
Join Date: Aug 2002
Location: atlanta
Posts: 57,021
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Quote:
Originally Posted by **********
Only the US Treasury can print money, not the Federal Reserve. Printing money would cause deflation. The more money in circulation the less it is worth. The carton of milk that cost $1.00 yesterday would cost $100 today which clearly is not the case.
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Thank you well said |
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