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That was my rebuttal to the response that central banks can't create infinite money. You agree they can service an unlimited amount of debt (with consequences)
by scottiebarnes 5y ago
That was my rebuttal to the response that central banks can't create infinite money.
You agree they can service an unlimited amount of debt (with consequences), but you refuted that they can create unlimited money. But they're the same operation.
- arcticbull 5y agoI do not. Under the current model, it can't really happen. However Congress could change the model to make it happen. I was just entertaining your hypothetical.