dimpy.handa
Dimpy Handa
You simply must check out the graphs and chart in this article, and for some excellent commentary, read the article as well.
1 - The first graph shows where the Obama stimulus team said unemployment would go if the government did nothing, where unemployment would go if the government used stimulus money, and where unemployment is now, much worse than what the Obama team said would happen with either scenario.
2 - Remember the alleged credit crunch which was transpiring during the end of 08 and through the first part of 09, and remember the Obama/Geithner team taking a bow for loosening up those credit markets again? Take a look at the second chart. I think it says it all.
3 - The third graph busts the liquidity myth. It has been argued that increasing fiat money in circulation does not produce inflation but only increases liquidity. Hence even now we are told, despite the hundreds of billions, indeed trillions of dollars rolling off the printing press, that the inflation risk is very low. Taking a look at the Union and Confederacy chart. Compare the inflationary effect of printing more money vs a lot more money. We have been printing a lot more money, but unlike the Union, we are not returning to a gold standard soon after the crisis. We will still be stuck with paper dollars backed by nothing other the governments ability to print more paper dollars.
Fiat Money: How Else You Gonna Kill 600,000 Americans? - Robert P. Murphy - Mises Daily
1 - The first graph shows where the Obama stimulus team said unemployment would go if the government did nothing, where unemployment would go if the government used stimulus money, and where unemployment is now, much worse than what the Obama team said would happen with either scenario.
2 - Remember the alleged credit crunch which was transpiring during the end of 08 and through the first part of 09, and remember the Obama/Geithner team taking a bow for loosening up those credit markets again? Take a look at the second chart. I think it says it all.
3 - The third graph busts the liquidity myth. It has been argued that increasing fiat money in circulation does not produce inflation but only increases liquidity. Hence even now we are told, despite the hundreds of billions, indeed trillions of dollars rolling off the printing press, that the inflation risk is very low. Taking a look at the Union and Confederacy chart. Compare the inflationary effect of printing more money vs a lot more money. We have been printing a lot more money, but unlike the Union, we are not returning to a gold standard soon after the crisis. We will still be stuck with paper dollars backed by nothing other the governments ability to print more paper dollars.
Fiat Money: How Else You Gonna Kill 600,000 Americans? - Robert P. Murphy - Mises Daily