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andrewleto (January 1, 1970 at 12:59 am)
Moderate Inflation could be a good thing. We are a nation of debt...imagine if we inflate the currency 30% most homes in the us will be finaly worth what the banks lent and owner paid. I am not a socialist by no means but this would be the perfect way to redistribute the wealth.
obezana (January 1, 1970 at 12:59 am)
omg............. duck tales. i had forgotten all about it. good warm nostalgia :) btw, excellent lesson. maybe if bushs staff had presented all the countrys problems in duck tales format we wouldnt have any issues today.lol
GemHudson (January 1, 1970 at 12:59 am)
Yes inflating to bail out banks is only a lack of depositing any real money. Play money is flipping more than houses but selling flipped house need the fundamental up trend of an prospering economics. What they bought into. They sold a deal all on a low, low down next to nothing sub prime payment. No credit check and we'll see what you could afford. They swapped credit and guess who defaulted. Ceased up credit is shut off.
Furienna (January 1, 1970 at 12:59 am)
It had to be oversimplified, so children could understand it. But even if the situation in this cartoon is exaggerated, the lesson is still there for everyone, who wants to learn it.
madcatzy (January 1, 1970 at 12:59 am)
It's like watching the Fed in action! print print print!!! LOL XD
WarVideo (January 1, 1970 at 12:59 am)
Somebody at disney read a history of weimer germany.
danoking69 (January 1, 1970 at 12:59 am)
Sharing and Exposing Truth, Corruption and Dreams. Take Action!!
commodore256 (January 1, 1970 at 12:59 am)
I remember that episode. Sometimes when I think of inflation, I think of this episode.
areitu (January 1, 1970 at 12:59 am)
If all prices are down, a dollar goes further but they still make less money, and the farmer wont have the credit to buy another farm if they default. Farms borrow on the assumption their goods are worth X-amount in the future. If deflation happens even just slightly, the farmer can be put in a tough spot, like people with ARMs: They can afford it, but just barely. HOWEVER, I didn't say we a central bank or the Fed is needed. In/Deflation can happen under any econ policy, free market or not.
Wittmann73 (January 1, 1970 at 12:59 am)
that should teach you, Bernake! |