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> Politicians will never win votes by promising to reduce govt debt. And rightly so. If you understand how money is created, you WANT your government to contin
by orwin 6y ago
> Politicians will never win votes by promising to reduce govt debt.
And rightly so. If you understand how money is created, you WANT your government to continue rolling its debt. Money supply is a 0-sum game.
- quickthrower2 6y agoI’m happy with this if the borrowed money is used wisely!
- jerf 6y agoThe way money is created in the modern world is not the only way to create money. There's a good chance we're in the last decade or so of "the way we create money" today continuing to appear to work, since we're just running around the same cycle any number of civilizations have run around before us. Even if we do have 'computers' this time.