Does printing money, borrowing and stimulus help the economy and consumers?Submitted by Smaulgld.com on Fri, 05/11/2012 - 11:49
In a recent Big Talker Radio interview host Ryan Sloper and guest Louis Cammarosano discussed statements by Ben Bernanke, Ron Paul and Paul Krugman. Ron Paul and Austrian economics won the day.
Louis notes the Fed buys the debt with money that they print out of thin air which devalues the dollar. Louis notes that Paul Krugman believes that the government should be borrowing more money, and the Fed should be printing more money to pay for the borrowing to help the economy, rather than encouraging savings and production.
Louis notes that if printing money was the solution to economic woes, all countries would just print more and all economic problems would be solved.
Louis notes that wealth is not created from the production and spending of money but rather from the savings and investing of money and production. Ryan notes Ron Paul's views on monetary policy. Louis notes that gold and silver hold their value.