Thursday, January 31, 2013
Paul Krugman Is An Idiot
Any country can print as much money as it wants but that's really not the issue. When you print too much money you devalue the currency and steal the value from the existing store of wealth by make that wealth insofar as it is denominated in currency less valuable. If you want to see what that's like you should look at the German hyper inflation in the early 1920s which is widely thought to have brought on the Nazi regime and ask yourself if that could happen here. Krugman is just another unreliable mouthpiece for the current administration.