Drown­ing in a flood of our Mo­nop­oly money

The Washington Times Weekly - - Letters To The Editor -

Texas Gov. Rick Perry was warned by Pres­i­dent Obama for im­ply­ing that Fed­eral Re­serve Chair­man Ben Ber­nanke is trea­sonous for print­ing money. Print­ing money sounds harm­less, but the op­po­site is true. When money is not backed up it be­comes worth­less pa­per.

We are no longer the only game in the world. Our dol­lar com­petes with other cur­ren­cies. Not long ago ham­burg­ers were 15 cents now they are five dol­lars. The cost of ham­burg­ers has not gone up, the value of the dol­lar has gone down. It could get worse as it did in Ger­many in the 1920s or Zim­babwe to­day.

Print­ing money may not be trea­sonous but it is ir­re­spon­si­ble. Keith C. De Filip­pis San Jose, Cal­i­for­nia

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