im not good at financial or political knowledge...
but how is printing money process works, whos responsible for it, and whos in control of it?
and what are some illegal things involved with it?
The Federal Reserve is in charge of printing more money. It actually increases inflation. In rare occasions, it is necessary. But printing too much money can make a currency completely worthless. An example of illegal money printing is called counterfeiting.
It is way too early to tell yet if Obama is a good or bad President. Only time will tell.
Printing and releasing more money into the economy devalues all US currency. Things end up costing more. At first it may seem like there is more money available but it is very inflationary. It is perfectly legal for the president to order more money printed but it harms the economy.
Any time you do something that slow the economy or makes things cost more the poorest are hit the hardest. A few percent higher costs for basic necessities doesn't harm upper middle class to wealthy people. It pushes more middle class into lower middle class and more lower middles class into poor.
What do you think? Would a good president do that knowingly? Would a good president not know he was causing that kind of harm?
