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Category

😹
Fun
Transcript
00:00Somebody asked me, can printing money solve everything?
00:04I think you know the answer.
00:06Like, money doesn't have any intrinsic value.
00:09You don't produce wealth by printing money, okay?
00:13What it does, me, is that if you print money and you give it to people who have debts or
00:19they need money, the way that's been going on a lot, really, over the last number of
00:25years, it will get worth less, okay?
00:29Yes, it makes it easier to pay.
00:31If you get a check in the mail because the government prints money, yes, you can go out
00:36and buy with it, but that money is worth less.
00:39And that causes a big, big problem.
00:42The next problem about this could be much worse, probably will be much worse, than the problem
00:48that we've experienced with the inflation, which was due with the last round of printing
00:52of money.
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