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I'm not interested in football essay on my house for class 1 The reason it doesn't end well is because of the enormous losses which were revealed during the start of the GFC (which we are still in). The losses stemmed from the sub-prime mortgage crisis due to bad risk being rated AAA and sold on and also guaranteed by the US taxpayer. Adele Ferguson did an excellent article on this in the Herald as has Time magazine. The money printing then became necessary to cover the bad loans. If there were no money printing there would be a huge recession. The problem isn't the money printing but the lax regulation leading to the huge losses.
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