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View Full Version : A DUmmy asks a stupid question(printing money)



aka:PBS
07-29-2011, 05:50 AM
MannyGoldstein (1000+ posts) Thu Jul-28-11 10:59 PM
Original message
My stupid question: Can't Obama just print money to keep paying the bills?
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Edited on Thu Jul-28-11 11:01 PM by MannyGoldstein
We'll have some inflation - possibly - but how bad could it be compared to defaulting?

Assuming that some deal gets worked out in the next few weeks, I wouldn't think it would cause too much trouble.


http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=439&topic_id=1601146&mesg_id=1601146

I never thought someone could be this stupid.


girl gone mad (1000+ posts) Thu Jul-28-11 11:03 PM
Response to Original message
3. Basically, yes.
Edited on Thu Jul-28-11 11:03 PM by girl gone mad
It's not really printing money, just trading USD credits for legal tender money. I don't see where inflationary pressure would enter the picture.

ETA link: http://neweconomicperspectives.blogspot.com/2011/07/coi...