4 ms·
No. You are 100% wrong. Not believing that there is any sound economic principle to validate your position, I checked your reference: Your reference says noth
by jomamaxx 10y ago
No. 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.