9. The War of 1812 and Its Aftermath
From Part I of A History of Money and Banking in the United States: The Colonial Era to World War II: “The History of Money and Bank
From Part I of A History of Money and Banking in the United States: The Colonial Era to World War II: “The History of Money and Bank
From Part I of A History of Money and Banking in the United States: The Colonial Era to World War II: “The History of Money and Bank
From Part I of A History of Money and Banking in the United States: The Colonial Era to World War II: “The History of Money and Bank
From Part I of A History of Money and Banking in the United States: The Colonial Era to World War II: “The History of Money and Bank
From Part I of A History of Money and Banking in the United States: The Colonial Era to World War II: “The History of Money and Bank
From Part I of A History of Money and Banking in the United States: The Colonial Era to World War II: “The History of Money and Bank
From Part I of A History of Money and Banking in the United States: The Colonial Era to World War II: “The History of Money and Bank
From Part I of A History of Money and Banking in the United States: The Colonial Era to World War II: “The History of Money and Bank
"The pensions/social security system is an intergenerational Ponzi scheme, the biggest scam ever invented."
But if the government itself prints additional dollars, then it is legal and it increases the quantity of money. And this is the monetary problem. Apart from the fact that this brings about a very bad situation for those people who were not receivers of the new additional money, because they have not received more money, they now face higher prices.