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Old 02-19-2009, 05:23 PM   #220 (permalink)
dippin
Crazy, indeed
 
Location: the ether
Quote:
Originally Posted by aceventura3 View Post
There is a multiplier. Any dollar introduced into the economy if from government or any other source has a multiplier. However, this fails to describe what happens next. The question that begs an answer - can you create something from nothing? It is not like "poof" the government can introduce a new dollar with real economic value into the economy. My point is that they can print another dollar, but it won't have real economic value unless it is backed by something real.
the gold standard is long dead.
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