Hartzman Tax & Fiduciary: Does earn today, spend tomorrow conflict with borrow to spend today and hope to earn enough tomorrow or that someone else does?

6/24/09

Does earn today, spend tomorrow conflict with borrow to spend today and hope to earn enough tomorrow or that someone else does?

We are monetizing the debt

We are using printed paper to pay our government

Warren Buffet

CNBC, Via Joe Weisenthal, Jun. 24, 2009

What does Quantitative Easing mean?

If a nation prints more money

like cutting a 16 inch pizza into 12 slices instead of 8

is each slice worth less?

What if the pizza shrinks while the number of slices rise?

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