"Why Can't We Just Print Off More Money?"

When I am king, I will make it a requirement that in order to vote you must explain why the government cannot just print off more money. And I'm willing to bet you at least 75% of current politicians in congress couldn't explain this either.

In any case, finally got off my butt and put together this little chart comparing the monetary base against GDP. In other words, how much money is floating around as a percent of the stuff it can buy.



For those of you watching American Idol, or "Glee" or glued to the TV for "March Madness," this is why you are paying $4 a gallon in gas. This is why food prices are going up. This is why gold is so high. And this is why shorting the dollar isn't the worst move you could make.

But to quote Michael Savage,

"No, you don't want to hear that. You want to hear about some guy who hits a ball over a fence."