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Re: Why Our System Is Broken: Cheap Credit Is King 

By: Decomposed in POPE IV | Recommend this post (2)
Tue, 31 Jan 17 9:57 AM | 53 view(s)
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Msg. 19471 of 47202
(This msg. is a reply to 19466 by monkeytrots)

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mt: 

re: "How about a single solution ? Shut off the printing press."

Someone would just turn another one on.

If you REALLY want to turn off the printing presses, you just need to back the money with something people care about. Then government can't print more money without first acquiring more of the backing material.

That's how you get the presses to shut down and stay that way.
 




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The above is a reply to the following message:
Re: Why Our System Is Broken: Cheap Credit Is King
By: monkeytrots
in POPE IV
Tue, 31 Jan 17 9:43 AM
Msg. 19466 of 47202

How about a single solution ?

Shut off the printing press.


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