The official debt, after all, can be wiped out in real terms by printing money and raising prices.
Publishers make very high gross margins on traditional textbooks, and since e-books radically reduce the cost of distribution and printing, one would expect prices to drop substantially for digital offerings.
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So if money printing is only keeping stock prices higher and is not helping the underlying economies, then at some point the markets will no longer believe that the fake money being printed daily is the same as already existing money.
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"Of course printing money is going to support asset prices, " but "it's very dangerous" and is not a substitute for trade, tax and regulatory reforms that make America an attractive place for job creation.
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Whether I did it just so that I could bring back the Cyprus Pound, or whether I used it just as a negotiating tool with the Troika, I would very noisily make enquiries of De La Rue about the prices on an emergency bank note printing contract.
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The price of steel in particular fell by 80 percent between 1880 and 1900, with resulting knock-on effects in the prices of everything from pots and pans through sewing machines to printing presses.
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General 3D printing in the home has not arrived yet but that will pick up as prices come down and the technology proliferates.
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Gold and silver got a boost from a weaker U.S. dollar index and firmer crude oil prices, and from the bullish implications of the U.S. central bank printing more money in the coming months.
The more members we have the better the prices we can get: the marginal cost of a new member is the cost of printing his membership card.
If a spike in interest rates, a surge in commodity prices, or a currency crisis forces the Fed to scale back or stop its money printing, the party could grind to a halt, and the hangover could be nasty.
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