Thornton Parker seems to see government’s ability to print more money as the panacea that should ease our minds about the deficit (“U.S. Budget Not A Family Budget,” Jan. 31).
What he fails to see or acknowledge is the consequence of that activity:
From the Investment Contrarians website: “History has proven that a monetary policy of money printing overwhelms deflation and leads to rapid inflation –with the real threat of hyperflation.”
Does he really want to repeat post World War I Germany’s experience of needing wheelbarrows to carry around our money?
The poor are the ones who will suffer the most with the price of food and commodities spiraling out of their reach.
Wayne C. Yoder