Comment 62639

By Mr. Meister (anonymous) | Posted April 24, 2011 at 23:21:58 in reply to Comment 62637

Of course you are not calling for runaway inflation but that is the direct consequence of simply printing more money. That is what Tanzania did printed more money to cover their debts. Now their currency is worthless.

I had no idea that North Dakota could print money on their own, I always thought that privilege belonged to the feds.

Nowhere did I slander Canada's proud history. Never did never will. I have absolutely no idea where you got that from. Neither did I say anything positive about our commercial banks. Maybe I was not quite clear enough, the CAP wants to simply print more money so the government can pay its debts. That is a terrible idea and will lead to inflation and even hyper inflation and that will destroy out country. There are better ways to deal with our monetary problems than simply printing money. Tough unpleasant hard ways but in the long run ways that must be used because printing more money is not the answer.

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