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Where does that money come from?
by cheeseomlit 7y ago
Where does that money come from?
- Ir738urbb 7y agoThat money comes from increasing the monetary supply, thereby applying an effective tax upon all holders of the US dollar. Time to hoard real gold, not IOUs you can wipe your ass with.
- peteradio 7y agoYour future and your children's future. No kidding!
- chasd00 7y agoit's backed by "the full faith and credit of the United States" but as more money gets created out of thin air the value of existing money goes down and the credit of the United States goes down. That's the balance between deflation, healthy inflation, and over/hyper inflation. Managing that balance is 1/2 of the Federal Reserve's job.
- dntbnmpls 7y agoLike all fiat money, it's conjured up out of thin air. And since money is ultimately debt, every dollar conjured up has to be worked off by the people.