MurphOnMillerAve wrote:But I believe most bureaucrats in the federal government know that is very bad for the value of the dollar. Simply printing more money devalues the money, thus, damaging the USA economy, which affects the whole world.
Murph, I think Mr. Bernanke disproved that in the short-term...his 'quantitative-easing' resulted in money being printed by the 100's of billions and the inflation needle has barely moved. Inflation = inflating of the money supply thereby devaluing the money, but it hasn't happened. It's interesting that today economists are desperate for a moderate amount of inflation yet can't figure out how to get it. Forty years ago it was running at 12-15% in the U.S....we just need 2-3%.
All that money is washing around somewhere...when the inflation rates starts to move it will probably be breathtaking.
Also, remember most economists will tell you a weak dollar is not all bad. It makes our products (do we produce anything anymore?) cheaper overseas. Unfortunately it also makes all of the crap we buy from overseas more expensive. Ahhh, the benefits of globalization...
