Quote:
Originally Posted by c312
The government isn't stupid, they know that printing more will cause inflation, what makes you think they'll do something stupid like that?
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heh, there are two ways of economic thinking, the Austrain school of thinking (Frederick von Hayek) and the Keynesian view (John Maynard Keyenes). The Keyensian view is the more popular one, especially after WW2, by saying that the government should have some control over the economy, and that giving money to the masses is a good thing. To them, inflation means high prices, but that is only a symptom of inflation. The Austrian view has been all but forgotten, because it calls for a free market, and an unplanned economy. I think that is the reason most economists in the USA are Keyenians, because without a planned economy they would be jobless.