Beer, like everything else, is getting more expensive these days. So I thought I had the solution: add water! After all, the more beer, the better, right?
However, I realized that while the total amount of alcohol did not change, each 12 ounces lost taste, lost some of its value.
Same with the country’s money supply. When you water it down with a flood of worthless, unbacked paper dollars, you get more money in circulation but each dollar is thinned out and worth less. Merchants demand more of them just to keep up with the loss in value. This is the definition of inflation. It is why prices for gasoline and consumer goods are soaring. And what it does is place a sinister hidden tax on those least able to afford it: the poor. So, don’t complain to the oil companies for the rip-off prices. Demand that your government stop the wild printing presses and return to sanity and sound money.
Now that calls for a cool one!
PJ O’Malley
Mesa
Rational Human posted at 11:29 am on Thu, May 24, 2012.
Inflation, where the feds print money they can spend at the current value of the dollar, causes your dollars to be worth less. This is the method they use to tax you without your even having a say in it. All political parties in power have used it since FDR took us off the gold standard. Get rid of the federal reserve, place heavy restrictions on the banksters, and move us back to the gold standard if you wish not to be taxed without representation.
Accuracy posted at 1:05 pm on Thu, May 24, 2012.
Concern that the U.S. is printing too much money?
The Fed believes printing more money is necessary to strengthen the U.S. economy – by helping to bring it out of the housing crisis. While, China has had an easy money policy for years that keeps their own currency cheap, and that makes it easier for them to buy American investments, like Treasury securities. Countries like China are running huge trade surpluses, while the U.S. is running a trade deficit.
truth posted at 3:56 pm on Thu, May 24, 2012.
Republican answer to everything blame someone else. Fact start in 1961 when a Demorcrat was in the White House even with fewer years than the Communist Republicans twice as many non government jobs were created in the U.S., under the communist Republicans jobs were out sourced to communist countries.
Rational Human posted at 8:49 pm on Thu, May 24, 2012.
Truth, you're an idiot.
truth posted at 2:13 pm on Fri, May 25, 2012.
THAT IS WHAT MORONS ALWAYS SAY WHEN THEY CAN'T DEBATE WITH FACTS AND LOGIC.
Slabside posted at 6:10 pm on Sat, May 26, 2012.
I agree with Rational. Truth, you're an idiot.