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> We run trillion dollar deficits… me and my kids will be burdened with this debt! Your children aren't the ones paying for it. Numbers changing in a computer
by creatonez 3y ago
> We run trillion dollar deficits… me and my kids will be burdened with this debt!
Your children aren't the ones paying for it. Numbers changing in a computer system is what pays for it.
- knewter 3y agoPresumably you believe the rate of inflation is unrelated to the rate of currency issuance. This seems incorrect.
- thoughtstheseus 3y agoWe have a real resource problem that can not be fixed by printing more money. Printing Money (expanding money supply) creates inflation now as supply cannot match demand.
- creatonez 3y agoI do believe something similar to that. Not that it's completely unrelated, but that the rate of inflation is related to the use of monetary policy controls as a whole, not just currency issuance and wages. The traditional economic dogma about inflation and spending is wrong.