Subj : Re: Promises and Word Sal
To   : RANDALL SCHAD
From : Mike Powell
Date : Wed Oct 02 2024 08:21 am

> MP> My understanding is that the current administration did continue printing
> MP> money, when they could have reversed the policy, so they are not
> MP> innocent in this.

> The current administration's print order was primarily for the bank bailout,
> which might even be worse from a policy standpoint.

Agreed.  In the long run, printing lots of money (for whatever reason) is
part of the recipe for inflation.  Print too much and you can even cause
runaway inflation.


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