Right, it&#x27;s clearly a matter of degree and the thing is I don&#x27;t hear economists talking about this, only the general public, who has some sort of warm fuzzy feeling about the idea of free money, but little actual talk about what&#x27;s going to happen.<p>My feeling is that it will either be too low to be meaningful or too high and it&#x27;ll lower the production of useful things to buy, such that we&#x27;re actually poorer in some sense in spite of it.  I certainly agree with you about the fact that the production of the things we buy with money being more important than the rectangular pieces of paper, though.<p>So I actually think it <i>can</i> work out for a country like Norway, that&#x27;s small and rich and which imports plenty of physical goods from elsewhere with oil money, and therefore where it honestly doesn&#x27;t change much of anything.  It&#x27;s what happens when everybody does it that I wonder about.<p>But maybe I&#x27;m wrong and it will just end up outsourcing all the labor to China &#x2F; Mexico &#x2F; SE Asia &#x2F; wherever with a manageable inflation and we&#x27;ll muddle through somehow.  I don&#x27;t really know, which is why I&#x27;m disturbed that I see so few people who seem to have any good idea about the actual effects talking about it.