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> The idea that you can take 3 trillion dollars in goods and services without producing anything in return without impact is ridiculous and frankly childish. It
by ephbit 5y ago
> The idea that you can take 3 trillion dollars in goods and services without producing anything in return without impact is ridiculous and frankly childish. It's as if these people lost touch with reality and forgot that it takes time, effort and resources to produce anything of value.
Lost touch with reality? Not at all. Yes, limitlessly printing money is flawed politics. But they're 100 % aware of what they're doing.
It's pretty simple.
Printing money is just the currently most popular (amoung politicians) way of governments to make sure they can finance their budgets.
Budgeting - deciding what to spend money on - is one of the most important ways in which governments implement their election programmes.
There's different ways in which governments can finance new/increased/additional expenses:
1. raise taxes
2. cut other spending
3. take on more debt
Taking on more debt - aka printing money - is just the option that leads to (currently) the lowest level of opposition amoung citizens.
So it's everything but surprising that politicians choose this way ... as I wrote, they know exactly what and why they're doing it.