We're fucking doomed. They're printing another trillion....check this out
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> http://www.rollingstone.com/politics/matt-taibbi/blogs/TaibbiData_May2010/217520/83512
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On matters economic, I'm the token dunce here. However, I recall thinking, back when everyone was panicking over deflationary spirals and the like, that printing a shit-ton of money would be a quick, efficient way to deal with both deflation and deficits. Can anyone explain in clear, simple language, what the flaws in my reasoning were? (This isn't a rhetorical question; I'm reasonably sure there were a few.)
-- "Hige sceal þe heardra, heorte þe cenre, mod sceal þe mare, þe ure mægen lytlað."