Originally Posted by BucEyedPea
That too, but none of those are my real point. We print money instead is my point. That's what appears to be an increase in standard of living but it isn't.
We all know that inflation is going to eventually rear its ugly head and then the standard of living will definitely decrease, but I don't see how his applies to production and productivity. The U.S. government isn't printing money to purchase consumer goods. They are printing money to pay the interest payments on the debt and to keep the government and all its programs running.