I agree Ctindale that the comparison is simplistic.On the other...

I agree Ctindale that the comparison is simplistic.

On the other hand though does it not seem just as ludicrous that a world financial and military super power is resorting to the same tactics as a backwater African nation.

I suppose I just cannot get my head around bringing legal tender into existence out of thin air. I just don't get it on any front. I get it when we talk about Zimbabwe but not the US. The US is the worlds reserve currency, this means it should be stable shouldn't it? This means that notes should be backed by demand for goods and services doesn't it? This actually means that those holding USD have some expectation that the US won't triple money supply in a matter of 12 months.

If the USD as a reserve currency insulates it from hyperinflation resulting from money printing then you'd expect that the status of reserve currency would insulate it from the stupidity you might expect from a despotic African regime. You can't have it both ways.