There's a lesson to be learnt here. Printing money = Inflation. I know it seems obvious, but the Federal Reserve has printed about 800 billion dollars so far, and if our government ends up with a 2 trillion dollar deficit in the next few years, we're going to be seeing the same phenomenon.
It wasn't that long ago (1970s) where inflation in US was 10-15%. Our population has short memories, and we seem doomed to repeat the mistakes of the past (vast government spending relative to revenue).
It wasn't that long ago (1970s) where inflation in US was 10-15%. Our population has short memories, and we seem doomed to repeat the mistakes of the past (vast government spending relative to revenue).