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Sustaining Society
But what I find interesting is that many of these same liberals seem to be oblivious to the FACT that a society cannot sustain itself on other peoples' money. The welfare mentality of the United States and many other nations cannot be sustained. You cannot have more consumers than you do producers. Eventually, the supply will run out. I think what happens is people don't realize where money actually comes from. Since governments simply print money without any real backing besides a promise that it can be used to purchase goods and services, a person may think there is no reason a government can't just print more when needed. While this is partly true; money is promise of worth. Here is a video that attempts to explain this issue in a simple way: INFLATIONPrinting more money only inflates the cost of the goods and services that the money is supposed to buy because the value of the money is decreased each time new money is printed. This is partly the reason why a bottle of cola no longer costs 5 cents. While printing more money seems like a good idea, especially to pay off things like the national debt, doing so makes the "promise" of the money worth less. There is like a virtual relationship between money and how much something is worth. Balancing that relationship is often the responsibility of agencies such as the Department of Treasury. QUANTITATIVE EASINGA term often bandied around in the years 2008-2016 was Quantitative Easing. This is just a fancy way of saying printing more money in hopes of easing or jump-starting the economy. This was done mainly because the natural, "capitalistic" course of monetary circulation from banks, companies and the general public was stifled or damaged. This damage is often blamed on the policies of U.S. president Barack Obama with his talk of purposely bankrupting industries, taxing producers more, and his general socialistic mindset. American producers (capitalists), started to hold onto their money instead of risking circulating it in investing, loaning, or development. The unpredictability and punitive policies of Obama against venture capitalism caused then not to "venture" their money too far. This in turn caused Obama's administration to attempt a solution with printing more money. So far, quantitative easing has not had a positive effect. For more on this topic, check out this link: http://www.economicshelp.org/blog/634/economics/the-problem-with-printin...
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