http://www.democraticunderground.com...esg_id=1601146MannyGoldstein (1000+ posts) Thu Jul-28-11 10:59 PM
My stupid question: Can't Obama just print money to keep paying the bills?
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.
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...