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DJ FC · 02-04-2009, 02:17 AM

Um blonde where have you been?

All governments do this, a lot. Including ours. The Fed doesn't print money, it creates it through loans.

But all banks can create money through loans. And right now inflation is low because lending virtually stopped, and the extra lending by the Fed hasn't made up for the decreased lending by banks.

02-04-2009, 02:17 AM	#11 (permalink)
DJ FC MURICAN Join Date: Jul 2004 Location: Virginia Posts: 5,136 Internets: 253094	Um blonde where have you been? All governments do this, a lot. Including ours. The Fed doesn't print money, it creates it through loans. But all banks can create money through loans. And right now inflation is low because lending virtually stopped, and the extra lending by the Fed hasn't made up for the decreased lending by banks.
	The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.