Able Quote by Doug Casey
“The time will come, and probably during 2009, that the only way the U.S. will be able to fund its deficits is to create money by printing it. The Treasury will have to sell bonds, and, in the absence of foreign buyers, the Fed will have to print the money to buy them. The consequence will be runaway inflation, increasing interest rates, recession, and inevitable tax increases on all Americans.”
About This Quote
Source Interview: Financial Outlook Podcast, 2008
Printing money to fund deficits without buyers leads to inflation, higher rates, recession, and higher taxes.
In simple terms: Money printing causes economic problems.
Key Takeaway
Avoid excessive money creation.
Themes
economics
fiscal policy
inflation
debt
taxation
Mood
cautious
analytical
Type
informative
critical
When to use this quote
- budget planning
- investment decisions
- policy analysis
Key Concepts
monetary theory
government finance
Questions to Reflect On
- What safeguards can prevent runaway inflation?
- How to balance debt with growth?
A Different Perspective
Policy may be constrained by political realities.
