Thought For the Day: The Obvious Reason For Inflation Is That the Government Printed A Zillion Amount of More Money Than It Had

“The obvious reason for inflation is that the government printed a zillion amount of more money than it had. … If the federal government writes checks, they never bounce. So that is effectively creation of more dollars. … If the government could just issue massive amounts of money and deficits didn’t matter, then, well, why don’t we just make the deficit 100 times bigger? The answer is, you can’t because it will basically turn the dollar into something that is worthless.” – Elon Musk

About alohapromisesforever

Writer, poet, musician, surfer, father of two princesses.
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