Letters to the Editor
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Paper is cheap, so is talk
Its not hard to inflate paper assets, all it takes is a monkey and a printing press. Some wisdom is needed, not to overprint, and inflate the value of that currency,excessively, or allow the currency to fall in value, (print more). A great deal is made about the study of economics, but like its sister in the social sciences, psychology, which in the 1930's was going to save us from ourselves, but which has fallen into disuse, economics will follow a similar fate. Psychology is currently one part aversion therapy, hypnosis, and one part psycho-meds.
Economics is the science of money printing. It gets a little more complicated because private financial firms may create debt, and that debt is then monetized. Congress is supposed to control the money supply, they don't have to monetize Wall Streets debt, and at some point they may not.
The science of money printing is based on population growth more than anything, when a child is born in China, the Fed Chief has to make dollars for that child to spend. The other problem is when those dollars don't get where they are intended, but once the world population starts to shrink, this old economy will go the way of the dinosaur.