When I was six I thought I had the worlds financial situation figured out. If we were short on money; simply print more. Just hand out newly minted $100’s to the people and countries who need it.
Of course as I got older I realized it was a really stupid plan. You can’t just print more money like a bad game of Monopoly.
The problem is apparently my six-year-old inner child got a job in politics and he has lots of friends that share the “print more” mentality. Forget about the bad economy for a moment. Printing more money will never work. It is debt plain and simple and it is the taxpayers that will have to pay it back.
Should we incur more debt by literally printing more money and handing it to the people that lost it in the fist place? Sure, why not?! Heck, lets go buy a recovering alcoholic a couple beers while we are at it.
Bail out private companies and have the government take over? Sure, as long as you like Socialism.
Oh, and since we are in such a gift giving mood with our newfound wealth…Fire the old board members but be sure to give them great severance packages in the process! Why not?! I mean if there company had gone under (which was the natural order of things) they wouldn’t have millions in their personal bank accounts [insert shallow tear here].
Perhaps I need to tap into my inner child for some other great ideas that will better mankind…apparently their time has come. Foot Long Pop Tarts. Check. Two-headed Cats. Check. Print a Trillion dollars of what will soon become play money. Check.
Don’t forget the time-machine to keep us 6 years old, and on summer break from school, so we dont have to stop playing.
As for the financial crisis, we dont need to print more money, we just need to write out some checks. I have some if need be…everyone knows, if you have checks, that means there HAS to be money!
Given the Calvin and Hobbes references I am going to guess the Time Machine is made out of a cardboard box?!
Well what else would YOU make it out of??? DUH!
LOL
Just so the young kids don’t get left out…
http://en.wikipedia.org/wiki/Calvin_and_Hobbes
I just wanted to say this site cracks me up! Great mix of humor and real information.
Thanks
I remember telling my mother once, “Well, if you don’t have any money, just write a check for it.” I got a good lesson that day that I’ve never forgotten. Too bad others think you can just write a check (or print more money).
[...] at The Slow Bleed explains that you cannot just print more money to make up for a shortfall, which is most likely what the Federal Reserve board and the Treasury [...]
Lets see if I have this right. Homeowners borrowed money they couldn’t afford using equity it turns out the didn’t have to back the loan. Result? Defaulted mortgages. Now the government has the solution to bail out the bad mortgages using money they don’t have backed by ???? GOOD GRIEF CHARLIE BROWN!!
[...] wrote a blog awhile back basically making fun of the fact the government was simply trying to “print more money” as a [...]
Great site, BTW, I have some 1920’s German Marks we could use, they’re still good right?
I would save them Dave…you never know!
Thanks for the comment!
Finances are such a huge topic to discuss. I guess that I would start by saying that we need to eliminate credit and start using what we have. Although that is good for individuals, I’m talking about the governemnt. It’s really tough to stay out of debt when you have debt factories running full tilt. The federal reserve banks have presidents who basically do whatever they want. They only need 10% of what they loan out. In other words, if I had ten bucks, I could loan you a hundred. Here’s the kicker, though. . . the banks “loan” one another money. Imagine that. You can see where this goes. I’ll loan you 100, you loan the next guy 1000, he loans another 10K, etc. The really scary part is that it’s on a scale of billions of dollars. Credit is being fabricated like domain names! It’s ridiculous, and we’re probably not going to dig ourselves out before another giant financial crisis like the depression. We might have to start referring to it as something other than THE depression if we’re not careful.