Quote:
Originally Posted by rune
i've always been told that printing money, especially as a way to avoid recession or whatever the reason is... is a bad thing and leads to a comical-state of worthless bills used as various sanitary-devices, fuel for warmth as everyone gets evicted, and for writing funny devil moustaches on.
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The fact is that money gets "printed" all the time, by banks who don't just stash your cash in a vault, by governments, even by yourself when you write a cheque. So how far do you want to go with that?
I've wondered how much the twilight of the personal cheque, increased speed of small-time consumer transactions, and increased surveillance of consumers have affected the US economy. The wiring of the world has restricted flows at the bottom (despite the moralist rants about people living beyond their means). At the top, the same communications infrastructure allows for greater and faster flows of capital.