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The point is that in order for government to pay back its debts, it has to tax people (or fire up the printing press).
by jimmyk 10y ago
The point is that in order for government to pay back its debts, it has to tax people (or fire up the printing press).
- mywittyname 10y agoThere's nothing wrong with "firing up the printing press." The US government will be in debt for the rest of its existence and the balance of that debt will likely increase every year. The Federal Reserve openly targets a 3% inflation rate and that inflation is going to come from ye olde printing press. IMHO, better this inflation come in the form of SS payments than payouts to military contractors.