Thursday, October 8, 2009
Financial Writer Blames Conservatives for Destroying the Dollar
That's right. Instead of blaming the Fed and it's doubling of the money supply since last year, or blaming the government for their ridiculous spending that necessitated all that money printing, Reggie Abaca, blames conservatives. You see, by telling people that the Fed is printing an incredible amount of money, and explaining how that's bad for the value of the dollar, Ron Paul, Rush Limbaugh, and Glenn Beck are destroying the dollar, and that's the reason gold went up this week. It's not the act of printing money that causes inflation, it's telling people about it. I think Mr. Abaca could use a little refresher course on how inflation works, courtesy of Scrooge McDuck and Huey, Dewey, and Louie.