RE: If the Fed can print an unlimited amount of money, why does anybody need to pay tax?
April 24, 2020 at 9:43 am
(April 24, 2020 at 7:12 am)BrianSoddingBoru4 Wrote:(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
I wonder how many GI's in the occupation forces gathered up boxes of that old currency for their kids and grandkids, knowing that someday it might be worth something to collectors. A friend of mine, whose father did this when he was a member of the occupational forces in Japan, recently made a small fortune from the sale of several hundred prewar bank notes.
"The world is my country; all of humanity are my brethren; and to do good deeds is my religion." (Thomas Paine)