It has come to my attention that there are many a person in this country are complaining that my government has a printing press and that they are printing money that they (the mysterious they) believe will lead to hyper inflation. The mysterious they don’t seem to realize that a large portion of the world’s population has a small monetary printing presses in their pockets or pocketbooks. These printing presses are better known as credit cards. I understand that this is an abstract idea but trust me every time some one uses their card and doesn’t pay it off right away they are printing money. If this is true and I know it is, what would happen if we took credit cards away from the peoples of this planet. It would have the same effect as taking a huge ( and I mean very, very, very huge) pile of money and setting it on fire.
So kiddies this is the economic lesson for today. Money can be printed or burned by ordinary citizens.
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