Thursday, July 31, 2008

Yet another consequence of the irresponsible Bush fiscal policy

The Japanese battery for my KLR-650 that cost me $72 four years ago, will cost $105 today because the Bush Administration has been printing dollars with the fervent avarice of the Weimar Republic finance ministry (via running up gigantic deficits, which produces t-bills, which are an asset that can be used as backing for loans, which create money). When you print dollars like this, dollars become worth less and it takes more of them to buy stuff. So it goes. Sigh.

-- Badtux the Inflation Pengui

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