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To: pogohere who wrote (70265)1/10/2011 12:38:03 AM
From: Cactus Jack  Read Replies (1) of 217752
 
How is the principle different? Hypothetically, how is it different if additional fiat currency is printed by the government or by a foreign intruder? In either instance, the purchasing power is diminished.

Of course, when a forgery is discovered, there is an immediate loss of confidence in the currency. Doesn't the same thing essentially occur over time with the government (or the Fed) printing money without backing?

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