Tuesday, April 21, 2009
Thin Air
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You can magically create money with paper and ink...but you can't create value. So the more money that gets printed, the less purchasing power remains for money saved in a bank account or mattress. This is the "magic of inflation," and the government is using it to punish people who greedily save their money instead of patriotically going into debt.
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2 comments:
This one brings a sad chuckle...
And really, isn't a sad chuckle better than no chuckle at all...?
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