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Yes, because printing money out of thin air is such a viable solution.
You think that writing checks when you have no money in the bank to back it up is good too? Because essentially that is what we have been doing in this country.
Yes, because printing money out of thin air is such a viable solution.
You think that writing checks when you have no money in the bank to back it up is good too? Because essentially that is what we have been doing in this country.
As I've said many times before, government finances do not work the same way as personal finances. Government debt also does not work the same way as private debt
Yes, because printing money out of thin air is such a viable solution.
You think that writing checks when you have no money in the bank to back it up is good too? Because essentially that is what we have been doing in this country.
Greece as a country can't up and write checks, just like you and I can't because we're not monetarily sovereign. A country with a sovereign currency can do so if permitted by their people and elected officials.
The power and stability and security of any sovereign fiat rests in that country's power, stability and security. Our 'money in the bank' if you will, is our total national productive output, plus total national assets, Federal and private, along with our power, stability and security. i.e. the most valuable fiat in the world. Our national assets alone far exceed any outstanding national debt.
Yes, because printing money out of thin air is such a viable solution.
How do you think currency comes into existence?
Quote:
You think that writing checks when you have no money in the bank to back it up is good too? Because essentially that is what we have been doing in this country.
The majority of money created "out of thin air" comes in the form of private sector loan demand -- for business loans, student loans, mortgages, and cars.
So it's important to realize that if you're an opponent of "printing money", it's not the U.S. Government that's receiving the bulk of that printed money, it is the domestic private sector.
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