Re: OT: Politics and other non-Debian ramblings
Joe wrote:
> Paul Johnson wrote:
>>
>> Laissez-faire economics is an impossible pipe dream and Germany proved
>> it. Taken to it's natural end, you get Germany's pre-WWII out-of-control
>> rapid inflation where soon it takes millions of dollars just to make a
>> basic grocery run.
>>
>>
>>
> So... in how many countries does the government not have a monopoly on
> printing money? Where would people have got the wheelbarrows full of
> millions of Marks if the government hadn't put them into circulation?
All of them that don't have their currency backed by a commodity. Money
hasn't been a tangible concept in the US since funds stopped being backed
by gold. Interest and fudged numbers accidentally creates money in the
banking system all the time.
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