I don't get how I'm ever going to tell you that government bonds do not in fact print money. What you're describing has nothing to do with government bonds. >

I don't get how I'm ever going to tell you that government bonds do not in fact print money. What you're describing has nothing to do with government bonds. > > Government spending is bad because it inherently is not an investment in future wealth production > But that's not the definition of whether something is good or bad. It's also not a direct investment in future wealth production if I consume something, and we don't say that all consumption is bad. Most consumption is bad at being investment. True. To put it another way "you can eat your seed corn". Perfectly reasonable as long as things keep growing. What was our GDP growth rate again ?