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More specifically, it draws a bogus conclusion from a true premise using an assumption that wouldn't be true anymore if their policies were enacted. The governm
by makomk 6y ago
More specifically, it draws a bogus conclusion from a true premise using an assumption that wouldn't be true anymore if their policies were enacted. The government can indeed print money and government debt is private savings - what it can't do is print resources. The USPS uses a whole bunch of sorting offices and equipment and vans and people's time which cannot just be magicked out of nowhere by the government. They all consume scarce resources that can't be used for anything else. The same is true of the USPS staff's healthcare and retirement - again, a whole bunch of resources. We're used to the fact that money represents a claim on real things at a rate that only slowly declines due to inflation because government fiscal policy is carefully managed to ensure that by not printing too much or too little money.