Should the US Thank North Korea for Creating ‘Monetary Stimulus’?
When North Korea printed US dollars in the past that was deemed “counterfeiting” and stealing purchasing power from Americans and other dollar holders, and an attack on the US dollar.
Yet when the Fed prints new US dollars that is deemed to be “quantitative easing” and “monetary stimulus” and is said to have all-around positive effects for Americans, their livelihoods, and their prosperity. It’s no less than a Swiss-army knife of economics that fixes or alleviates every known economic ailment.
Knowing that, should the US thank North Korea for its previous bouts of “counterfeiting” and perhaps even encourage it to do more of it in the future?
For that matter, why not give a printing press to every US county, or even family? Imagine the levels of “stimulus”!