Thursday, January 01, 2009

Magic Money?

I appreciate that the government needs to spend "close to one trillion dollars" to get the economy moving again, and give aid to states to spend on Medicaid etc etc.

But it seems we've reached a threshold now, and as the population starts hitting retirement just as we are spending like there's no tomorrow, it's like we don't care anymore that this money doesn't have any place to come from. Just spend it!

I mean, how long can we just print money out of nowhere before something REALLY bad happens? I get the feeling that even if the recession ends, there's another shoe that's got to drop here.

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