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If the Fed can print an unlimited amount of money, why does anybody need to pay tax?
April 24, 2020 at 12:42 am
(This post was last modified: April 24, 2020 at 12:43 am by ignoramus.)
Answer me that grasshopper!
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RE: If the Fed can print an unlimited amount of money, why does anybody need to pay tax?
April 24, 2020 at 1:43 am
Well, as a German history buff, this should be easy to answer:
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RE: If the Fed can print an unlimited amount of money, why does anybody need to pay tax?
April 24, 2020 at 2:25 am
(This post was last modified: April 24, 2020 at 2:26 am by ignoramus.)
You mean hyperinflation?
I think all currencies will print themselves into oblivion over the next few years...
Lots of fun days ahead!
Oh, well, on a good note, everyone in the us will be a millionaire soon! And would you like fries with that! lol.
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RE: If the Fed can print an unlimited amount of money, why does anybody need to pay tax?
April 24, 2020 at 4:43 am
Remember that money is just the way we keep score.
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RE: If the Fed can print an unlimited amount of money, why does anybody need to pay tax?
April 24, 2020 at 6:14 am
(April 24, 2020 at 1:43 am)Rev. Rye Wrote: Well, as a German history buff, this should be easy to answer:
Well it's one way of dealing with the national debt...
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RE: If the Fed can print an unlimited amount of money, why does anybody need to pay tax?
April 24, 2020 at 6:49 am
Buy a wheelbarrow.
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RE: If the Fed can print an unlimited amount of money, why does anybody need to pay tax?
April 24, 2020 at 7:00 am
(This post was last modified: April 24, 2020 at 7:01 am by ignoramus.)
I don't think a wheelbarrow will help much matey.
You know what they say about: if money grew on trees
When there's more paper in the currency than the toilet paper it's buying, you know you have a problem...
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RE: If the Fed can print an unlimited amount of money, why does anybody need to pay tax?
April 24, 2020 at 7:07 am
The Golgafrinchans came up a solution for the slight inflation problem that occurred when they adopted the leaf as legal currency -
Burn down the forrests...
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RE: If the Fed can print an unlimited amount of money, why does anybody need to pay tax?
April 24, 2020 at 7:12 am
(April 24, 2020 at 7:00 am)ignoramus Wrote: I don't think a wheelbarrow will help much matey.
You know what they say about: if money grew on trees
When there's more paper in the currency than the toilet paper it's buying, you know you have a problem...
I was referring to various times and places where people have had to bring wheelbarrows full of cash to the grocers. Here's a man buying an egg during the Weimar Republic. ONE egg.
Boru
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RE: If the Fed can print an unlimited amount of money, why does anybody need to pay tax?
April 24, 2020 at 9:12 am
They would get paid at noon and quitting time. They'd run out to spend their pay at lunch because it wouldn't buy anything by quitting time.
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