Economics 101: ****!
Time to hone your train-ridin' and chicken-stealin' skills:
I don't... think...
— Look. I am NOT an economist, but if a change-since-last-year graph runs nice and flat since about 1910, excepting some 100-billion-dollar surges in troubled times (see the Y2K surge, above, and the resulting "bubble-pop" following, and the fluctuations in the months following the terror attacks and the beginning of the war years), and then in late last year the graph goes STRAIGHT UP 900 BILLION DOLLARS —
Well, am I allowed to be a little nervous about how much money the US Treasury is printing, and where it is all going to go, and how much it will make all the other, older dollars (like mine in the bank) worth?
I'd better lay in a supply of soups, tin cans and chalk for the sidewalk.
I wonder what it was like to live in the Weimar Republic, or the Dust Bowl?
As someone who has studied econ... it is very frightening.
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"Holy crap" and "omgwtfbbq" seems to be all I can say at the moment. You're right though, it's utterly stunning how all the money appears to exist but we don't know where it's going. Perhaps it's one of W's magic tricks, like the disappearing Guantanamo case files.
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Here's the sad part Sam: Mr. Obama, my *new* president, wants to top Mr. Bush in the monopoly money derby... egad.
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