Okay so John Stewart and the Daily Show are more famous for political satire than anything else, but it’s scary how often what he reports resembles the truth. This time he’s poking fun at the Federal Reserve and their Chairman, Ben Bernanke.
As many of you may already know, the American dollar has been slowly, but surely losing its buying power. What does that mean? It means that one American dollar today, buys you less than it did ten years. It is just worth less.
Some people believe, and there’s quite a bit of evidence to suggest it, it’s the result of the Federal Reserve printing too much physical currency. If you don’t understand the implications of having too much currency in circulation, brush up on your economic theory.
Regardless, Stewart is hitting on something that might be a sore spot for many who think merely printing more US currency will solve our financial problems. If you don’t care, it doesn’t matter. It’s still funny anyway.
Take a look: