The View From 1776

Too Much Money, Too Little Growth

      http://www.thomasbrewton.com/index.php/weblog/too-much-money-too-little-growth/

Steve Forbes provides a timely summation:

Money Is Not Wealth—But It Helps Create Wealth

Quote:

“Money measures wealth; it is not wealth itself. It is a claim on products and services that people have created. That’s why counterfeiting is illegal; it’s thievery. But when government does this, it’s called quantitative easing, or stimulus.”