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Where do you all think that money in your savings accounts comes from (originally, not your immediate counter-party)? Government spending. The government (or F
by howeyc 4y ago
Where do you all think that money in your savings accounts comes from (originally, not your immediate counter-party)?
Government spending. The government (or FED) are the only ones that can spend more money into existence.
Just imagine what will happen if the government starts to seriously make big changes to reduce that debt. Deflation is my guess, unless the FED prints to counteract them. In which case the "debt" just changes hands.