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Originally posted by A NeWorlDisorder
I find it very sad that in the "richest" capitalist nation on the planet, these elite capitalists dont have a F-ing clue about capitalism or the economy.
[edit on 18-2-2009 by A NeWorlDisorder]
In a footnote to his speech, Bernanke noted that "people know that inflation erodes the real value of the government's debt and, therefore, that it is in the interest of the government to create some inflation.
Originally posted by Frankidealist35
It's the whole system of the Fed that's to blame.
When did the government ever get the idea that printing more money can solve all our problems? They must have failed economics 101 when they were told that printing money would cause inflation.