Bill McKee wrote:
Printing excess paper does not generate wealth.

Define "excess."

... Mostly, it generates
inflation.

Agreed. However, if the U.S. decides to print it's way out of debt, we
have a really long way to go.

... Where is the money for those IOU's going to come from?


The same place it has always come from.

So, you think the U.S. is going to default on it's debts? That will
affect the value of $20 bills almost as much as Treasury instruments.

The funny thing is that the people who are screaming about Treasuries
being "worthless IOUs" are the same people who most loudly support the
administration which is driving us headlong towards bankruptcy & default.

DSK