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An Economics Lesson from Scrooge McDuck watch!
youtube.com — This summarized episode of Duck Tales illustrates very clearly and simply what the ability to create money out of thin air does to an economy. The concept is surprisingly simple, yet for some reason, an identical problem persists in the real world.
stealthc- 12 diggs
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- TypeEE, on 07/03/2008, -0/+1It's not that simple, US took the responsibility of being the world cop and the world have given US the privilege to print money. As history should repeat itself again, at some point, US borrows a bit too much and could not afford the debt, US will beg for a right off from lenders somehow and the lenders can't say no.
Anyway, you seemed to make it seem like the world would be better if you follow how the cartoon has taught you, but I won't say more since it's quite quiet over here. - thingamajig, on 07/04/2008, -0/+0PETRODOLLAR RECYCLING - LOOK IT UP
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