How Much Can We Afford to Spend on the Bail Out?
November 29, 2008
I have been searching for an answer to this question since everyone started talking about giving out money to bouy up the U.S. economy. The other most obvious question — “where is all of this money coming from” is also a concern to me. Well today I picked up an article from the RIS Media website that answered my questions simply and understandably in language I, as a layman, can understand. The article was formatted in a “just the facts” manner which I am coming to appreciate more and more. So here is a “primer” by Jack Chang. Hope it is illuminating to you too!!
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Once you realize money is simply printed, without backing, you can understand how trillions becomes meaningless.
People don’t know, don’t care, just don’t ! If you go to the grocery store and plop down a $10 bill, backed by nothing, you still get the groceries. Isn’t this a great country or what?