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Explain the process of what happens? I am reading some posts and would like to know what exactly happens to the economy? What can one do to protect themself? Some say eventually riots in the streets is this over the top?
Just a heads up. People on the internet (whether they agree with you or are mortal enemies) are not the best resources. Go read a book and form an opinion on some facts rather then listen to the partisan hacks with no resources who will respond to your thread with no answers.
When you have more money in the system chasing limited resources and products inflation follows. Bernanke maintains the Federal Reserve can withdraw money from the system quickly to prevent this but that has yet to be seen.
"Having already reduced the key interest rate it controls nearly to zero, the central bank has increasingly turned to alternatives like buying securities as a way of getting more dollars into the economy, a tactic that amounts to creating vast new sums of money out of thin air. But the moves on Wednesday were its biggest yet, almost doubling all of the Fed’s measures in the last year"
Probably the same thing when prices rise on fuel, groceries, rent/housing, and when people get raises just for staying at a job. Inflation isn't strictly a result of the government printing more money.
If costs continue to rise, the value of a dollar drops just like if the government prints more money.
Explain the process of what happens? I am reading some posts and would like to know what exactly happens to the economy? What can one do to protect themself? Some say eventually riots in the streets is this over the top?
Explain the process of what happens? I am reading some posts and would like to know what exactly happens to the economy? What can one do to protect themself? Some say eventually riots in the streets is this over the top?
Higher taxes will produce inflation anyway, since higher taxes will make Americans less productive by having the rich either abandon employment expansion plans or close up and retire. That reduced productivity will reduce demand for the dollar. To understand monetary inflation, you have to see both sides of the equation: supply AND demand.
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