US adds 13% more US dollars to world supply

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Leftofcentresalterego

US adds 13% more US dollars to world supply

Post by Leftofcentresalterego » Fri Mar 20, 2009 10:34 pm

I am no economist either but I would think that rather more than that has probably been wiped out of existence by the "shitstorm". Inflation is not a big worry at this point in time.

Sovereign (federal) government spending is not revenue constrained and some economists disdain the current (until now) fashion of attempting to keep federal budgets in permanent (and permanently growing) surplus, seeing running small defecits as something of a duty of federal government. Some even go so far as to blame failure to do this as the root of the current debacle.

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