Rodgermitchell

Dear Mr. Mitchell,

Your theory that the government can generate all the revenue it needs simply by printing money has been tested time and again and failed. I can not control what you believe, but I do ask that you stop waging this war for "Free Money" on the pages of US Public Debt.

Sincerely, Preston

Hello Preston,

I feel quite confident you cannot name a single instance in which printing money has been tested "time and again and failed." Though I'm sure you can cite historic hyperinflations --Germany, Brazil et al -- (which by the way, caused money printing and not the other way around), you simply do not have any statistics to back up your claim that printing money fails.

President Reagan printed more money than all previous presidents and created economic growth. Before him, President Roosevelt was the money-printing leader, and he too created economic growth. Printing money succeeds; it is the failure to print money that fails.

You will notice that the Fed and Congress, in a desperate effort to stimulate the economy, now have begun to print money. They should have done it months ago.

So kindly do not tell me to stop waging a war for the truth. Your intuition is not supported by facts. Belief without fact is religion, not science.

Statistics, please.

Sincerely,

Rodger Malcolm Mitchell

Mr Mitchell - how about the Weimar Republic? —Preceding unsigned comment added by 108.6.183.92 (talk) 19:45, 4 April 2011 (UTC)

August 2013

The hyperinflation of the Weimar Republic was not caused by money "printing," but rather by the onerous financial terms put on Germany by the Allies. And by the way, governments don't "print money." They print bills and notes, which are titles to money, not money itself.

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October 2013

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