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<p>[QUOTE="InfleXion, post: 1136430, member: 29012"]Spending my tax dollars to save failed (and crooked) business models, and debasing the money in my pocket with inflation does not benefit me. I would prefer to renegotiate a loan than to have my wealth undermined. My friend's grandfather was a millionaire before the Great Depression. They didn't just freeze his money, it was gone, and we know banks today are facing insolvency as well. Sure, the Fed did what it had to do to maintain the status quo, and they didn't force our leaders to indebt future generations, but if it were up to me I say let things hit the fan at the first sign of trouble. Let market forces hash things out instead of throwing more debt on the pile, which was the problem to begin with. Otherwise it's just postponing and exacerbating it. So many people are in debt though, that you are right about the points you make for the average person. However, we all pay for it with the loss of purchase power by the dollar.</p><p><br /></p><p>As I am not the expert that you are I may be on the wrong track here, but if everybody is printing money, wouldn't everybody have inflation? I'm not spending my dollars on yen, I'm spending them on food and commodities. You can't conjure wheat out of thin air.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1136430, member: 29012"]Spending my tax dollars to save failed (and crooked) business models, and debasing the money in my pocket with inflation does not benefit me. I would prefer to renegotiate a loan than to have my wealth undermined. My friend's grandfather was a millionaire before the Great Depression. They didn't just freeze his money, it was gone, and we know banks today are facing insolvency as well. Sure, the Fed did what it had to do to maintain the status quo, and they didn't force our leaders to indebt future generations, but if it were up to me I say let things hit the fan at the first sign of trouble. Let market forces hash things out instead of throwing more debt on the pile, which was the problem to begin with. Otherwise it's just postponing and exacerbating it. So many people are in debt though, that you are right about the points you make for the average person. However, we all pay for it with the loss of purchase power by the dollar. As I am not the expert that you are I may be on the wrong track here, but if everybody is printing money, wouldn't everybody have inflation? I'm not spending my dollars on yen, I'm spending them on food and commodities. You can't conjure wheat out of thin air.[/QUOTE]
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