Inflation is bad when you're not producing, you're just printing money. But we have an export business and we compete with China to have our goods made here. A weaker dollar would mean it'll hurt Chinese exports and lower US trade deficit no? Unless China inflates it's currency too...
All money printing is bad in the long run. "Gold is money. That's it." -- J. P. Morgan That's because gold can't be printed. "Money" in the Constitution was enumerated to be "gold and silver coin, only". For the same reason.
The fact that people actually ask these questions makes me wonder if anyone has a reasonable education economics... Value is only destroyed by printing money no matter what the rationalization
Money printing needs to be done in order to "replenish credit". That didn't come from me but from Ray Dalio. If we're going to be in a creditless society central banks don't need to exist. If you don't devalue the currency, wouldn't that hurt your exports? Nobody will buy from you.
Money is whatever a group of people decide what money is. Salt was money at one point. Until the US stops being the world reserve currency/Petro Dollar then all this talk is simply useless. There is no other currency able to take its place and there wont be for a very very long time.
Inflation is a transfer of wealth from lenders to borrowers and tends to have a stimulative effect on the economy, in my opinion.
Are you kidding?? Replace paper money with gold and you will immediately put a stop to all this nonsense. "Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again." Josiah Stamp.
Didnt mean it like that. Meant it in terms of a country's currency being the reserve currency. IMO this idea that it will somehow go back to the Gold standard is a pipe dream.
Unfortunately I agree with you on that one, the Gold standard will never come back, and even paper money will disappear from earth, the New World Order will make sure of that.