<div dir="ltr"><div dir="ltr"><div class="gmail_default" style="font-family:arial,helvetica,sans-serif"><span style="font-family:Arial,Helvetica,sans-serif">On Sun, May 24, 2020 at 12:32 PM spike jones via extropy-chat <<a href="mailto:extropy-chat@lists.extropy.org">extropy-chat@lists.extropy.org</a>> wrote:</span><br></div></div><div class="gmail_quote"><br><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div lang="EN-US"><div class="gmail-m_-2639066927023595440WordSection1"><div><div><p class="MsoNormal"><i><span class="gmail_default" style="font-family:arial,helvetica,sans-serif">> </span>There is good reason why they can’t just print money based on nothing.  We can’t manufacture wheelbarrows fast enough.</i></p></div></div></div></div></blockquote><div><br></div><div><font size="4"><span class="gmail_default" style="font-family:arial,helvetica,sans-serif">You're</span> worrying about the wrong thing<span class="gmail_default" style="font-family:arial,helvetica,sans-serif">, t</span><span style="font-family:arial,helvetica,sans-serif">here has never been a time in American history when interest rates were lower or inflation was less than right now.<span class="gmail_default" style="font-family:arial,helvetica,sans-serif"></span></span>Herbert Hoover thought as you do and figured that the way to deal with the economic difficulties of 1929 was to increase  tariffs and drastically cut government spending, and he succeeded in turning a garden variety recession into a worldwide Great Depression.</font></div><div class="gmail_default" style=""><br></div><font size="4">And even in the worse inflation in American history <span class="gmail_default" style="font-family:arial,helvetica,sans-serif">it</span> was less than 20%, I<span class="gmail_default" style="font-family:arial,helvetica,sans-serif"> really </span> think we can make wheelbarrows fast enough to keep up with that<span class="gmail_default" style="font-family:arial,helvetica,sans-serif">, although if your suggestion is followed the uprising from millions of penyless unemployed may cause a shortage of guillotines.</span></font></div><div class="gmail_quote"><font size="4"><span class="gmail_default" style="font-family:arial,helvetica,sans-serif"><br></span></font></div><div class="gmail_quote"><font size="4"><span class="gmail_default" style="font-family:arial,helvetica,sans-serif">John K Clark</span></font></div></div>