3 ms·
Nope. You would be surprised, but it is indeed the same thing. See e.g. Sec. 29-2 in [1] (or any other undergraduate econ 101 textbook, for that matter). [1] h
by gone35 10y ago
Nope. You would be surprised, but it is indeed the same thing. See e.g. Sec. 29-2 in [1] (or any other undergraduate econ 101 textbook, for that matter).
[1] https://books.google.com/books?id=K-jKAgAAQBAJ https://books.google.com/books?id=K-jKAgAAQBAJ
- jomamaxx 10y agoNo. You are 100% wrong. Not believing that there is any sound economic principle to validate your position, I checked your reference: Your reference says nothing other than a few, very basic things about how the Fed is structured. It says absolutely nothing about the difference between 'raising debt + open market bond purchases' (how the fed does it) - vs. the hyperinflationairy issues related to governments that influence their central banks and basically print money. So not only are you wrong - but your borderline lying by posting references that have nothing to do with anything. In summary: aside from taxation, the US government generally can only raise money by issuing debt. They cannot print money willy nilly as they do in places like Brazil.
- gone35 10y agoSo not only are you wrong - but your borderline lying by posting references that have nothing to do with anything. I see. Nevermind.