Thu 17 Jul 2008
In an American Voices bit on The Onion, in response to Bush lifting the executive ban on offshore oil drilling:
“Is there a ban on printing more money? If so he should lift that too and fix the economy while he’s at it.” -Don O’Connor, painter
Rather than laugh about how obviously stupid that remark would be if someone actually said that, it reminded me of a quote Cunning Realist had up awhile back:
If prices went up, people demanded not a stable purchasing power for the marks they had, but more marks to buy what they needed. More marks were printed, and more, and more.
-Adam Fergusson, When Money Dies
Blargh…