Author Topic: Government Day-to-Day  (Read 13996 times)

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Offline wilber

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Re: Government Day-to-Day
« Reply #495 on: June 25, 2020, 08:54:59 pm »
The money is already in the economy. The 'borrowing' of the money created new money, and that money created economic activity. Paying it off simply involves exchanging interest bearing dollars for standard dollars.

Thats means printing more and more money. Jeez, why haven't we been doing this for decades cause deficits and debt don't matter. Debt to GDP doesn't matter. Nothing matters, just print more money and dump it into the economy. Wow, just Wow!
"Never trust a man without a single redeeming vice" WSC