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And if the FDIC didn't have enough money, the government would start printing it like crazy and the US would start looking more like Venezuela in a very short p
by joshfraser 7y ago
And if the FDIC didn't have enough money, the government would start printing it like crazy and the US would start looking more like Venezuela in a very short period of time.
- nickelcitymario 7y agoThank you. I shoulda just said "Venezuela", because it's the perfect modern example.
- bluquark 7y agoBank collapses happen during times of deflation. In that environment, printing money like crazy just returns the financial system to normal, low levels of inflation.
- shkkmo 7y agoVenezuela has more significant issues than "printing money like crazy"
- gamblor956 7y agoSmall amounts of inflation are a good thing. Deflation in a currency is almost always bad, and this is why limited-issue crypo like bitcoin will never replace real currencies.