Quote from: realityfalacy on February 13, 2013, 06:10:40 PM

Isnt one of the reasons the soviet union went bankrupt that they just kept printing rubles? Isnt that what we are doing now with the dollar just printing more money with nothing to back it ? If this is the case wouldnt it be expected that we too will have a large scale economic downfall?
I'm really new at this economic stuff so, take it easy on me if i sound retarded. I do appreciate any helpful feed back though, the simpler the better. I just learned what fiat meant if that gives you any idea where im at

simple but nuanced feedback: what you say is correct, but there are far more factors contributing. the analogy suffers from oversimplification. just keep delving into economic theory and you'll get a better grasp of the scope of the situation.