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Stimulus dollars hammer poor
Reader Input
Tahoe conservancies getting $175 million of stimulus money to buy land and restore habitat sounds wonderful, but try to understand where that money comes from. This is not “taxpayer money” or even money borrowed from the Chinese; this is part of the $800 billion in printed bailout fiat currency. When we print money and double the money supply we cause inflation and over time this cuts the value of our currency. This hammers the young, the old, the poor and anyone living on a fixed income. By printing and spending fiat dollars we are essentially stealing from the future and the impact on the poor is many times worse than what the wealthy experience. This fiat money is not free, it comes with some horrible downside to the poorest and weakest in society. It will be paid back at a terrible cost by those who cannot defend themselves. Is this land really worth it? MIKE GRIFFIN, Truckee
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