Joe wrote: > Paul Johnson wrote: >> >> Laissez-faire economics is an impossible pipe dream and Germany proved >> it. Taken to it's natural end, you get Germany's pre-WWII out-of-control >> rapid inflation where soon it takes millions of dollars just to make a >> basic grocery run. >> >> >> > So... in how many countries does the government not have a monopoly on > printing money? Where would people have got the wheelbarrows full of > millions of Marks if the government hadn't put them into circulation?
All of them that don't have their currency backed by a commodity. Money hasn't been a tangible concept in the US since funds stopped being backed by gold. Interest and fudged numbers accidentally creates money in the banking system all the time. -- To UNSUBSCRIBE, email to [EMAIL PROTECTED] with a subject of "unsubscribe". Trouble? Contact [EMAIL PROTECTED]
