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Oh boy... That a a horrible idea. Simply printing money with nothing to remove it again is a horrible fiscal policy you end up with run away inflation as each
by smegger001 5y ago
Oh boy...
That a a horrible idea. Simply printing money with nothing to remove it again is a horrible fiscal policy you end up with run away inflation as each dollar you print lowers the value of each dollar. The value of money ends up decreasing faster than pay rates and you hurt the poor more as the rich will just pull their financial assets out into more stable economies the middle and lower class will loose.
You see national level taxes aren't there to fund the federal government in a modern economy. they are mean to remove excess cash from the economy. The government funds it self by borrowing and the printing money to pay it back with interest. This what bonds and like assets are. Why barrow rather than just print and pay, it about having good credit and showing the rest of the world dollar is stable by pay off our debt.