David Hooper

--> The Power of Printing Money & Who Prints Ours By David Hooper The Power of Printing Money Let’s talk about why allowing other people to print our money is so dangerous.   Let’s say, you’re one of a thousand people that want to form your own society on some remote island.   It’s hypothetical, so just bear with me.   This society is going to need doctors, teachers, farmers, bankers, construction workers, etc.   You get the picture.   As everyone is deciding which job they want, one scheming fellow says he wants to be the banker.   He’ll handle the printing of the money for everyone so that everyone can buy and sell.   He’ll even make sure everyone can start off with some.   So far so good, right?    As everyone starts to prepare for their chosen profession, they visit the banker.   The banker starts making loans (at a modest interest rate of, say, 8%).   The doctor borrows $50,00...