No. It may jumpstart it temporarily but as you print more money, the value of the dollar drops, and then we're stuck with inflation. And so to incentivize people to spend money in an inflated economy the Fed then in turn manipulates interest rates (cheap credit) and creates market bubbles that give the impression people are making more money because more money is available than before and there's no major change in interest rates, so it's cheap credit.

And so because credit is cheap we no longer spend from savings, but spend from credit. That means we don't save our money before buying that TV or buying that car, but instead buy it on credit. This poses a major problem because we become accustomed to living in debt, and we tend to spend more. And why shouldn't we when saving money means it will be devalued over time based on inflation.

Between 1813 and 1913 the cost of gold per ounce remained rather steady (approx. $30/ounce), and it wasn't until we abandoned a value backed currency (meaning currency that cannot be printed out of thin air like the Fed has been doing since 1913) that we saw increases from 1913 to 2010. Today gold is closer to $2000/ounce. This is why saving money in a bank is a bad investment (and so is saving your cash in a coffee can) and therefore people are incentivized to spend from credit and invest in risk retirement investments.

Capital is savings. Capitalism is spending from savings. What we have now isn't not true Capitalism, but rather spending from credit, i.e., spending from debt. And it's dangerous. Eventually the dollar bubble will pop, and we'll most likely be left where the Germans were after WWI with a worthless currency they burned in the winter to stay warm.

The largest scam of the fiat currency system, however, is who is rewarded and who is most strongly affected negatively. when money is printed, the government, the banks and the military industrial complex receives the money first and spends it before "inflation" drops the value. It then gets circulated through society, and the last people to have their cost of living adjusted for inflation tends to be those on Social Security. It's really an unfair and cruel system.

Anyhow, that's the gist of it as far as I understand it.

Henry Morgenthau, Franklin Delano Roosevelt’s Treasury Secretary:

"We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong . . . somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. . . . I say after eight years of this Administration we have just as much unemployment as when we started. . . . And an enormous debt to boot."


Those who refuse to learn from history...

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