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Uh inflation??... Germany tried to do the same thing in the 1920's and folks ended up needing wheelbarrows of cash to pay for a loaf of bread.
Furthermore his point is only slightly valid as long as the world continues to adopt the USD as the commercial standard. If they keep printing money to cover debt (which they sort of are now) This will quickly change and other nations will adopt other standards. (not easy to do but its concievable)
Interesting aside: Gas and petroleum products are incredibly cheap in the USA- moreso than anywhere else in the world. This is for a related reason as the price of a barrel of oil is standardized off of the USD which the USA can freely print. If this changes and nations stop adopting this standardized price mechanism and replace it with something else the price of oil in the States will nearly double and every product based off oil or oil refining will skyrocket in cost. Imagine the cost of living then- people wil riot.
1. The world learns from Iceland
2. The other countries want to be like Iceland
3.????????
4. Profit
