The Mudcat Café TM
Thread #114478   Message #2444874
Posted By: Bobert
19-Sep-08 - 07:14 AM
Thread Name: BS: Obit: Reaganomics...
Subject: RE: BS: Obit: Reaganomics...
The problem with the gains, Paul, si that all that money pumped into the $yStem was "ordinary folks" because ordinary folks never touched a dime of it... No, it was merel billions and billions of newly printed, hot-off-the-press, money that was printed up especially for the banks to play with... Problem is that when you artificially increase the amount of currency you get a downside of devaluing it and when you do that you get inflation so...

...bottom line, the ordinary folks just had their purchasing power cut yet again...

Economics 101...

B~