sinim
October 1, 2008, 6:51am
18
Right outcome, wrong cause-effect.
Printing the money would destroy the value of the dollar. Increased demand would force prices upward. Companies don’t jack up prices because people can afford it. People buying drives prices upward.
I know it seems minor, but people in this country have no clue when it comes to economics because our education system purposely deceives us on this topic. Inflation isn’t rising prices, inflation is dilution of buying power through increases in the money supply.
Rising prices is a symptom of inflation, it is not the cause.
Yeah, I know. I was just organizing my thoughts wrong. I’m a Chemical Engineer, not an economist. Blackbelt (my old man) is better at this kinda stuff.