[Thane_Banquo]

Why does the government have to issue debt (as under the gold currency regime) when it doesn’t need the money in the first place? It generates money, so neither taxes nor loans made via debt contribute to government funds.

This is such sophistry. The guy who wrote this should simply note that when the government issues debt, the amount of currency in its Treasury increases. So therefore debt does contribute to government funds.

[PeterPrinciple]

This is such sophistry.

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I agree but they believe in it and are implementing it.

[PeterPrinciple]

This is such sophistry.

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I agree but they believe in it and are implementing it.