Age: 26, until I'm no longer 26
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Politics: Libertarian Minarchist

 

In the years after World War I, Germany was tasked with the burden of repaying the debt of the war for the Allied forces that won rather than just their own costs.  In an attempt to overcome this, they printed more money; the result, however, was not an overall gain of money but rather a devaluation of their currency.  This devaluation led to a hike in prices, and since the government was spending this extra money to repay debts rather than the money going to the people Germans experienced a level of poverty far greater than that of the U.S. during the Great Depression.  Lesson: when the government makes more money than normal growth allows, it doesn’t help matters; rather, it increases prices and drives a people further into poverty.  With time, the U.S. will be tasked with paying off the enormous debt they have now accumulated (you can’t push it off forever).  Imagine how bad it will be then-good luck fellow Americans!

In the years after World War I, Germany was tasked with the burden of repaying the debt of the war for the Allied forces that won rather than just their own costs. In an attempt to overcome this, they printed more money; the result, however, was not an overall gain of money but rather a devaluation of their currency. This devaluation led to a hike in prices, and since the government was spending this extra money to repay debts rather than the money going to the people Germans experienced a level of poverty far greater than that of the U.S. during the Great Depression. Lesson: when the government makes more money than normal growth allows, it doesn’t help matters; rather, it increases prices and drives a people further into poverty. With time, the U.S. will be tasked with paying off the enormous debt they have now accumulated (you can’t push it off forever). Imagine how bad it will be then-good luck fellow Americans!

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    Except for there’s a slight difference, and by slight I mean more than slight. However I’m not going to get into it...
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    Our fiat money, however is tenuously tied to a hard asset, oil, the monopoly being it’s requirement to be purchased in...
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    This also led to the rise of Hitler…
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