Trump Indicted. Again.Posted By Greg Shaffer |
Originally Posted by David CotterellRuss and Greg, you two are talking about different things. I quote you with my bolded clarifications..
Russ: "Greg, the Fed has been sucking the air out of the economy by reducing money and increasing interest rates. I’m sincerely interested in who is saying this stuff. Anybody that has traveled to Europe lately will tell you how strong the dollar is compared to other currencies.
Greg: "You been hiding under a rock for the last 3 years? You really think a dollar goes as far as it did 3 years ago? Not noticed the inflation? Dont believe there are consequences to printing more money so you can spend more? Seriously?" i.e. the buying power of the US dollar now compared to its buying power 3 years ago...the US dollar compared to itself over time.
Both statements are true.
Dave
That is a valid point David..... I am less however concerned with the global economy than I am with the local one so to speak. Our financial policies do not HAVE to contribute to our own demise. Printing more money in order to spend more is just plain stupid beyond belief and the consequences of it are being felt by everyone. (and not just locally given the US dollar's special status)