3 ms·
> - and that's a really bad thing, people die etc. I'm all for saving people, lets call it charity though and not investment. > It's either savings or new wea
by grinnbearit 13y ago
> - and that's a really bad thing, people die etc.
I'm all for saving people, lets call it charity though and not investment.
> It's either savings or new wealth, it can't be both.
True, I meant currency, its new currency taken from the savings of everybody else
> I'm not sure you'd be of that opinion in a depression.
Hypothetically if we used a global hard money system, like bitcoin, and the government was so sure that spending now would boost the economy in the future. I see no problem in them taking a loan and building some highways.
They would have to pay it back though...
- clienthunter 13y agoInvestment is the act undertaken. Call the outcome what you will. > True, I meant currency, its new currency taken from the savings of everybody else New currency is new currency. It comes from nowhere. It devalues all existing currency, not just savings. > I see no problem in them taking a loan and building some highways. These projects are typically undertaken with debt. New currency is generally introduced in the bond market.