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"People seem to think the government has money," said former U.S. Comptroller General David Walker. "The government doesn't have any money."
The government can create money at will and then tax it out of existence. That's why it's called fiat money (as in "fiat lux" - let there be light :-)

The problem is to avoid hyperinflation.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Thu Jul 24th, 2008 at 03:25:39 AM EST
[ Parent ]
and riots in the street...

or this

~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~

by melo (melometa4(at)gmail.com) on Thu Jul 24th, 2008 at 06:31:10 AM EST
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