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> Why should a country have to borrow money to provide food stamps for people? Just provide the food. Where does that food come from? Government run farms, hos
by rileymat2 7y ago
> Why should a country have to borrow money to provide food stamps for people? Just provide the food.
Where does that food come from? Government run farms, hospitals? Those takes money to build and staff.
- dragonwriter 7y agoGovernment may need to pay money, but a government that is the source of its own fiat money doesn't need to borrow it. That's just a product of systematic play acting based on the desire to pretend that fiat isn't fiat.
- npongratz 7y ago> a government that is the source of its own fiat money doesn't need to borrow it. Sounds like a Magical Money Tree. I too could be the source of my own currency (as could you, or a bank, or another business), thus would not need to borrow my currency to pay for the goods and services I desire.
- rileymat2 7y agoWell, yes, the government never needs to tax or borrow, it could print whatever it wanted when it wanted. The question becomes whether or not that would be more destabilizing.