Question/Comment: If the world today has all the same resources it had yesterday and America is losing money there must be someone somewhere gaining from this crisis in order for there to be a balance. Am I right? If I … Continue reading
Question/Comment: How does the U.S. “export” its inflation to other countries? And a second question: Frequently pundits say the U.S. can and does print money to achieve some economic or financial goal. However, my economics professor says the government does … Continue reading
Question/Comment: Oil has gone up in price per barrel a huge amount during the last few weeks. Neither the cost of producing that oil nor our falling dollar value could have made much of a difference in that short term. … Continue reading
Question/Comment: Will JPMorgan Chase have to assume all of Bear Stearns’ debt? Paul Solman: Nope. The Fed covers the first $30 billion dollars of Bear Stearns losses — $30 BILLION! That’s in the ballpark of what we spend a year … Continue reading
- It’s been a long time since I took Econ. 101, but as I remember, if you keep printing ever-greater amounts of currency, inflation takes on a life of its own.
Question/Comment: It’s been a long time since I took Econ. 101, but as I remember, if you keep printing ever-greater amounts of currency, inflation takes on a life of its own. Isn’t that what we’ve been doing at the rate … Continue reading