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Doug Miller Doug Miller is offline
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Default Lead (Pb) price continues to skyrocket

In article , "Adam Corolla" wrote:
[snip]
Money is probably the most desired thing there is, because it can be
exchanged for just about anything. So, the varying factor in its value will
be how easy it is to get.

If all the tree leaves and blades of grass became various denominations of
money, then money would be worthless. Not because there's more OF it, but
because it's easy to get.


What you're missing is that it's easy to get because there's more of it.

If the government printed five hundred trillion
dollars tomorrow and sealed it all away so no one could get to it, the value
of money wouldn't change even there's a hell of a lot more of it because
it's no easier to obtain. Do you agree?


Obvious -- but so what? They don't do that. They print it, and then release it
into circulation.

Now, do you see where I'm going with this? When the government prints
additional money, how does that extra money make it easier to obtain a given
amount of it? Let's say the government opened the vault with the 500
trillion in it and did with it whatever they do with all the extra money
they print (which is what? I don't know.)


What do they do with it? They give a hell of a lot of it away.

How does that extra money make
money easier to obtain? Do all companies suddenly give raises when they
find out there's more money in the economy, so that money becomes easier to
obtain? I think the key here is in finding out what the government does
with the extra money. I'll be grateful to anyone who can explain that to
me.


Suggest you start with a good textbook on macroeconomics from your public
library.

--
Regards,
Doug Miller (alphageek at milmac dot com)

It's time to throw all their damned tea in the harbor again.