Let's say the government created a new program. Federal agents show up at your door and say, "We want to offer you a chance to help our economy recover." They give you a printing press and say they will allow you to print your own money for one month with no limits. "It will be good for the economy," They say. They leave and there you are with a printing press and your government's blessing. Wow! You hit the jackpot! What would you do? Would you print just enough money to pay your bills and eat? Would you print enough money to improve your lifestyle? How about feeding the hungry or maybe giving enough money to get medicine to the poor? Think of all the people you could help! You could save your neighbors' homes and local businesses. You would be admired, worshiped and a hero.Why the Fed's attempt to "save" the economy by inflating the money supply will not work is explained by Andy Wright.
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