osagemarine, Yes you are right to a point but free money means more printing of money which means the dollar will devalue world wide the more we print it.
So what happens then?
Well Roadracer is right! The 1, 2, 3, 4, will happen over and over till it is over. Interest rate will jump, so Government interest on the debt will jump, Government will print faster to pay for the jump but it just keeps on growing out of control.
Price of oil goes even higher because dollar goes down world wide and higher interest paid on the debt on the Nation and the printing of even more money.
Food prices will go up world wide not just in the U. S.
The only reason the Fed is dialing back their QE program is because they need that QE program option for the future when all of this hits the fan.
The National debt is already at over 17.5 T. which many say that the point of no return is around 21 to 22 T.
Just go to http://www.usdebtclock.org/ and sit there and watch it for a minute.
People the numbers do not lie, they can’t lie there way out of this one.