Thinning Wallets Jul 15, 2005 23:26:05 GMT -4
Post by turbonium on Jul 15, 2005 23:26:05 GMT -4
joedurnavich said:OK, but what is the financial mechanism you recommend for creating this money that you issue gradually into the system? Are you recommending just firing up the printing presses?
Yes, but first the Fed notes have to gradually replaced in the whole system at a stable rate, to avoid the problems I mentioned (inflation, etc.). It has been calculated that it can be fully implemented withing 1-2 years (my source for the estimate is the economists in the video).
But yes, it's not that difficult or complicated to do - that is another myth spouted off by Fed advocates. Again, the video details it quite nicely, as well. I've read other sources for achieving this - I'll link them for you.