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Old Today, 11:51 AM
17,904 posts, read 16,070,803 times
Reputation: 6525


Originally Posted by SkyDog77 View Post
The government does not just “print more money” whenever we rack up a deficit.

Thought you were done.

Yes it does.


The Fed controls monetary policy.
It does not add to the money supply with interest rates to any significant degree because Treasuries are fungible and they are easily exchanged for cash. If the fed decided to monetize junk in the garage , then it would be printing money.


They do not call Treasury and have them fire up the presses when Trump says so.
Still waiting for your comment on being able to buy an RV with only $1 million USD in treasury bondss. Like there is no way right?
How could I use $1 million in government debt to say secure a bank loan. Yeah, I'm the theorist......


If we printed more money whenever we wanted to in order to pay off debt, inflation would spike and our borrowing costs would explode.
No it wouldn't unless it was not collected. It would turn us into a socialist corpse but not inflation, until that is there would be nothing worth buying.


We watched this happen in Zimbabwe. We aren’t Zimbabwe. We have controls in place to stop this sort of thing from happening.
No we didn't. We saw Zimbabwe destroy its economy with its land reforms. Then they tried to print their way out if it. Inflation is the death rattle of a defunct regime, not the cause.


You are propagating a conspiracy theory that is bereft of any facts.
You are half right. I am propagating it because unlike you I provide the data and the evidence. What do you even know about it anyway? Do you even have a clue about the subject? The things I am presenting are considered so called unorthodox , not conspiratorial wacko. So I can only assume you never even heard of ot. You will find it in Post Keynesian , and even Austrian theory. The latter both disagree with neoliberalism and financial neutrality which goes all the way back to Ricardo. The opposition goes all the way back to Malthus. You know about that right buddy boy? Sure ya do.....

If ya don't like it ,take it up with him. He propagates how public finance works more that I do.

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