I think that kind of manipulation is good, but you know what? Let's agree to disagree on that one. In any case, this is still a theoretical question at this point.
Imagine a scenario like this.
- There's 10 units of wealth in the world
- There's 10 units of currency in the world
- Still 10 units of wealth in the world
- Now there's 20 units of currency in the world
Of course, this is grossly simplified, and possibly partially wrong/inaccurate etc, but you get the idea, right? We really do lose purchasing power when more currency goes into circulation.
Besides, we haven't even touched the effects of zero interest rates, borrowing massive amounts of money that will never be repaid, economic stagnation, an ever larger portion of the national tax revenues going towards paying interest on the ever more massive debts, and so on.. It's all bad, and it's all something that: 1) we do not want to happen, and 2) would not happen in a free market (with a market-chosen currency etc).
But don't take just my word for it: http://mises.org
Feel free to tell me why what I described there does not correspond to reality in any meaningful way. If you can't, then maybe you should reconsider your position on "regulated" currencies.
Also, you should investigate http://mises.org - they'll tell you all you need to know about economics. You'll find out that governments are always only a net loss on any economy.
So where do you learn about Obama? -The mainstream media? How's that "change you can believe in" going? -Oh well, I guess stripping away your civil liberties counts as "change", right?
>> Obviously, most economists have some ideology, but I think you should try to learn from people are are at least not so fanatic.
Nah, I'm fine learning from people who are actually talking about how economics works here in the real world. You just keep on keeping on.
You didn't even give the Mises Institute a chance to educate you. If you listen to their in-depth videos on the fundamental "mechanics" of economics, but find yourself disagreeing with what they say, you're pretty much just refusing to hear anything, or simply not very bright.
They're not "fanatic", they're just explaining how economics works, in very clear terms, and in a way that obviously corresponds to reality (because it's all based on the way humans actually behave).