Replies to post #160462 on Zeev's Turnips Patch-No Politics (ZEEV)

[Elroy Jetson]

How terribly clever, expand the money supply fast enough to keep up with debt creation. Your idea was first created and put into effect by John Law, in France, in the 1700s.

Apart from wiping out the value of all financial assets, leaving the population in abject poverty, and leading to the French Revolution, his plan worked out perfectly.

Why not improve on John Law's scheme and have the Federal Reserve mail everyone a check for ten million dollars.

In your fantasy everyone will be rich with no more pesky debt problem.

I'm sure John Law ran into problems only because he didn't create money "fast enough."

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I predict a significant rise in bankruptcies, unemployment, and interest rates down the road.

http://www.investorshub.com/boards/read_msg.asp?message_id=1573571
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At least you're honest enough to correctly assess the outcome of the money expansion scheme.

I'd say it's a sure bet.