| steven787 said: People keep talking about "printing" too much money... ("printing" = buying bonds) That is not the US's problem right now. The US$ is over valued, along with the Yen. "A strong dollar" is not the same thing as an "Overweight dollar". When every other major economy on the planet is "printing" money like crazy, the US has no choice but to join in because it would kill US productivity if our money continues to outpace the Euro and the Pound. (Sorry, I don't feel like giving an economics lesson, someone else can explain why overweight currencies make for lower productivity.) |
Yeah, the dollar is artificially overvalued as of now due to the economic crisis. Once things cool down, I'd expect it to plummet back down, especially when oil starts rising again.
But at least for now it will actually help us.
We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls. The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke
It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...." Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson
