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Business/Finance
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Title: Scalise: You can’t keep printing money and expect that to solve the problem
Source: [None]
URL Source: https://rightwingvideos.com/scalise ... ect-that-to-solve-the-problem/
Published: May 3, 2020
Author: Fox Business
Post Date: 2020-05-03 19:42:37 by BTP Holdings
Keywords: None
Views: 1681
Comments: 5

Scalise: You can’t keep printing money and expect that to solve the problem

by on in Business News

House Minority Whip Steve Scalise (R-La) talks stimulus checks and the importance of bringing P.P.E. back to the U.S.

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Begin Trace Mode for Comment # 1.

#1. To: BTP Holdings (#0)

It has been working just fine and will continue to work until it doesn't.

DWornock  posted on  2020-05-04   13:34:16 ET  Reply   Untrace   Trace   Private Reply  

#2. To: DWornock (#1)

It has been working just fine and will continue to work until it doesn't.

That is quite simplistic.

Are you aware that the more money that is printed means there is more money chasing fewer goods? Do you realize exactly what inflation is and what it means?

A good example would be Weimar Germany in the 1920s where they needed a wheel barrow of Deutsch Marks to buy a loaf of bread.

Don't think it cannot happen here. ;)

BTP Holdings  posted on  2020-05-04 13:50:54 ET  Reply   Untrace   Trace   Private Reply  

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