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The New Snowflake- School Grading System
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<blockquote data-quote="zubenelgenubi" data-source="post: 4369741" data-attributes="member: 63706"><p>The printing of every extra dollar dilutes the value of all other dollars regardless of whether you have fiat currency, or if the money is backed by a commodity. And if you think it's as simple as just printing more money, you don't understand how the Treasury and the Federal Reserve Banking system interact. </p><p></p><p><a href="https://www.stlouisfed.org/on-the-economy/2017/december/government-spending-stimulate-economy" target="_blank">Does Government Spending Stimulate the Economy?</a></p><p></p><p>This economist doesn't believe that government spending has a multiplier effect. His findings are that it actually reduces GDP by $.50 for every dollar spent.</p></blockquote><p></p>
[QUOTE="zubenelgenubi, post: 4369741, member: 63706"] The printing of every extra dollar dilutes the value of all other dollars regardless of whether you have fiat currency, or if the money is backed by a commodity. And if you think it's as simple as just printing more money, you don't understand how the Treasury and the Federal Reserve Banking system interact. [URL="https://www.stlouisfed.org/on-the-economy/2017/december/government-spending-stimulate-economy"]Does Government Spending Stimulate the Economy?[/URL] This economist doesn't believe that government spending has a multiplier effect. His findings are that it actually reduces GDP by $.50 for every dollar spent. [/QUOTE]
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