Thank you +Terry Sansom! "Meet your obligations - 5.6 trillion in new debt, +8% unemployment, creating more and more dependency on government programs. Government is NOT the solution, it is the problem. Get out of the way! You make me proud not to be American." To add...
I didn't want to superseed that comment but I wanted to add one of the biggest problems of all is the Federal Reserve. As far as entrepreneurial spirit
goes, I hope we will start seeing more social currency in the near future such as BitCoin but on a global scale. Maybe Facebook or +Google
could come up with something. To add, it would be great if we could go back to what is referred to as the gold standard
but that's not thinking realistically.
If the US only spent what was available in gold, silver, and copper. We would probably be in poverty. The FED's have ruined it for us over 100 years of virtually creating debt (MONEY) out of thin air! Because of this, we might never see money backed by a chemical element again so virtual is the only way we can continue to thrive. But we can accomplish it by creating value in a virtual social space (notice I didn't say internet). How we (normal people, not content the mainstream content creators) can share in and validate this free space remains to be seen. But I believe that one day, our interactions, posts, and everyday occurrences (not entertainment or innovation) will be worth something one day.
In my own opinion, inflation didn't exist before the FED, certainly not in the capacity we're experiencing now.