death of paper money

[pico]

http://www.telegraph.co.uk/finance/...itchard/7909432/The-Death-of-Paper-Money.html

 

[Rubyn]

It freaks me out when people post articles about money.

 

[MonkeyF0cker]

Interesting article, pico. Many economists are worried about deflationary pressures at the moment here - oddly enough. It's only a matter of time before we begin to see the effects of the Treasury printing so much money and the impending inflation as a result. It's gonna be a crazy ride for a while it seems.

 

[pico]

i like the analogy they used about how pumping money into the economy is like putting on lighter fluid. velocity is pretty low right now since banks are hoarding money at this point.

 

[MonkeyF0cker]

i like the analogy they used about how pumping money into the economy is like putting on lighter fluid. velocity is pretty low right now since banks are hoarding money at this point.

True. Record reserves currently.

 

[roguejuror]

Good read.