tag:blogger.com,1999:blog-11719208.post7542729644008054775..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Hyperinflation nationTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11719208.post-89309071921842727482009-07-02T01:10:32.342-07:002009-07-02T01:10:32.342-07:00Anonymous is a fool. Learn your history & tel...Anonymous is a fool. Learn your history & tell me how you think the FED is ever going to "tighten the money supply" - especially with the never ending election cycles we have today. Do you really think the FED is going to stop the party - do you really think the Federal Government would even consider letting them (they aren't so independent anymore, in case you've missed it...).<br /><br />Most the countries throughout history that have ended up crashing their currency where not underdeveloped, nor did they have illiterate, & uneducated populations, in fact they generally had very well educated and literate populations. The main thing they all had in common, however, were systems where the idea of “free lunches” – that would be printing money rather then working hard to produce wealth – had overtaken common sense.<br /><br />I’d take a depression over hyperinflation any day. Take a hard look at what the results of each are, and I think you’d agree…Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-51507950206673077152009-07-01T14:30:29.167-07:002009-07-01T14:30:29.167-07:00- I understand your concern about inflation, howev...- I understand your concern about inflation, however, take away that stimulus NOW and you get the Depression II. <br />- Once a recovery starts, then the FED has to act to tighten up the money supply. But, Hysteria about Inflation Now will push us into a Depression. Can you hold off your hysteria until a recovery starts and people start to get jobs again?Anonymousnoreply@blogger.com