We should hope for inflation. The Republican stonewalling in the US Senate has subjected in to massive DE-flation.
The economy has been shrinking the last two years.
This is the scenario where you need FDR scale spending to pull us out.
Deflation is damaging, but not nearly as much as inflation of the money-supply. Just look at the history of Germany, Italy, Japan, Brazil, Mexico, etc., etc.,etc. around the world. Monetary collapse leading to governmental collapse, and often, war.
As for gold, nothing in history has served better as money, which is why the advocates of unlimited government hate it so much.
Wait’ll everything collapses, and you have a box of gold bars, and I’ve got a box of canned tomatoes–then you’ll see what intrinsic value really means!
I’m with you all the way, but be sure to check the “use by” date on those tomatoes!
Llewellenbruce almost 14 years ago
I’d say inflation is on it’s way.
LittleSister18 almost 14 years ago
Oh the “horror”.
Yukoner almost 14 years ago
Which president is on it?
moronbis almost 14 years ago
I will get change for all of my notes.
rshive almost 14 years ago
Drink and be merry Bung! For tomorrow your money may be worthless.
ksoskins almost 14 years ago
Any currency with the Fink’s portrait on it isn’t worth the paper it’s printed on.
Dkram almost 14 years ago
I think I saw one of those the other day.
\\//_
LEopardGEcko almost 14 years ago
That…is NOT good.
twj0729 almost 14 years ago
Hey, that’s not a bad idea…”Use by a certain date!” Makes sense to me.
captainedd almost 14 years ago
Hey, I think I’ve seen some of it in circulation already…my wife spends my money quickly, before it goes bad…
brklnbern almost 14 years ago
That’s probably the one with Bama’s picture on the new 3 dollar bill.
dradk almost 14 years ago
why nobody did that before, escapes me. ;)
dradk almost 14 years ago
why nobody did that before, escapes me. ;)
lewisbower almost 14 years ago
Remember your dollar with the peanut farmer? You ain’t seen nuttin yet.
Joe_Minotaur almost 14 years ago
We were so poor… I thought I.O.U.s were legal tender!
If we wanted an allowance, we had to beat up the Tooth Fairy!
We qualified for Food Stamps before they were invented!
People from third world countries were sending us money!
Is this thing on?
boldyuma almost 14 years ago
Used to be legal tender for all debts public, and private…
not so much now….McDonalds girl can’t make change even looking at a computerized cash register…
Charles Brobst Premium Member almost 14 years ago
We should hope for inflation. The Republican stonewalling in the US Senate has subjected in to massive DE-flation. The economy has been shrinking the last two years. This is the scenario where you need FDR scale spending to pull us out.
pschearer Premium Member almost 14 years ago
Deflation is damaging, but not nearly as much as inflation of the money-supply. Just look at the history of Germany, Italy, Japan, Brazil, Mexico, etc., etc.,etc. around the world. Monetary collapse leading to governmental collapse, and often, war.
As for gold, nothing in history has served better as money, which is why the advocates of unlimited government hate it so much.
GrumblyWalnut almost 14 years ago
RCMinor said, about 10 hours ago
Wait’ll everything collapses, and you have a box of gold bars, and I’ve got a box of canned tomatoes–then you’ll see what intrinsic value really means!
I’m with you all the way, but be sure to check the “use by” date on those tomatoes!