Just something I remembered from years past given the current debt limit debate from when U.S.'s credit rating was downgraded under Obama/Biden.
Of course this would put inflation on an even greater overdrive.
To: Republican Wildcat
Taking a page from the Weimar Republic.
2 posted on
05/12/2023 1:09:14 PM PDT by
Salman
(It's not a slippery slope if it was part of the program all along. )
To: Republican Wildcat
If there is no budget agreement at the end of the month and we reach a default day on June 1, for example, can the government on their own decide just print, the necessary money without congressional oversight or permission?
3 posted on
05/12/2023 1:12:06 PM PDT by
Reno89519
(Go Woke, Go Broke. Every Time Trump Says Something, I'm Closer to Anyone But Trump.)
To: Republican Wildcat
The United States can pay any debt it has because we can always print money to do thatHowever the ordinary American Citizen cannot get wheelbarrows large enough to purchase their daily bread.
6 posted on
05/12/2023 1:14:24 PM PDT by
Navy Patriot
(Celebrate Decivilization)
To: Republican Wildcat
He basically was describing QE or Fed monetization of Government debt.
7 posted on
05/12/2023 1:14:49 PM PDT by
PGR88
To: Republican Wildcat
And mr green’s statement is PRECISELY the problem with relying on fiat “money”
8 posted on
05/12/2023 1:15:05 PM PDT by
faithhopecharity
(“Politicians are not born. They're excreted.” Marcus Tillius Cicero (106 to 43 BCE))
To: Republican Wildcat
11 posted on
05/12/2023 1:18:11 PM PDT by
mylife
(I was a sort of country boy, a cockeyed optimist, wrapped in international intrigue and espionage)
To: Republican Wildcat
The government will pay its bills while the public goes broke because the money will be worthless.
Time to end the Federal Reserve.
To: Republican Wildcat
So I can write checks on money I don’t have to pay my bills? Seems okay to me.
13 posted on
05/12/2023 1:19:08 PM PDT by
SkyDancer
(Hold on tight to your dream)
To: Republican Wildcat
Other countries are annoyed with the U.S., especially BRICS so they are looking for an alternative to the dollar. So that’s bad news for us.
To: Republican Wildcat
His judgement is questionable.
To: Republican Wildcat
I guess this means that I can print my own money.
So how easy that is.
26 posted on
05/12/2023 1:38:45 PM PDT by
unixfox
(Abolish Slavery, Repeal the 16th Amendment)
To: Republican Wildcat
1. printing money causes inflation.
2. stealing money to Ukraine from taxpayers without
Congressional consent is TREASON.
28 posted on
05/12/2023 1:50:13 PM PDT by
Diogenesis
(Si vis pacem, para bellum)
To: Republican Wildcat
"The United States can pay any debt it has because we can always print money to do that, so there is zero probability of default."
When creditors refuse to accept your worthless currency, it's still a default. Ask the Weimar Republic.
To: Republican Wildcat
30 posted on
05/12/2023 2:03:15 PM PDT by
EvilCapitalist
(81 million votes my ass.)
To: Republican Wildcat
Weimar Republic. nobody will accept our fiat money soon. It’s not backed by anything but hot air.
31 posted on
05/12/2023 2:05:59 PM PDT by
meyer
(FBI = KGB for the DNC; IRS = Gestapo)
To: Republican Wildcat
basically devaluing the money they pay back thereby paying less.
if i knew this was the intention of those looking to borrow from me, i’d never lend them money
33 posted on
05/12/2023 2:36:29 PM PDT by
sten
(fighting tyranny never goes out of style)
To: Republican Wildcat
Hmmm...Didn’t realize Greenspan was a MMT type of economist. I thought he at least paid lip service to the Chicago school.
34 posted on
05/12/2023 2:54:40 PM PDT by
Reily
(!!)
To: Republican Wildcat
Why then do we need taxes and the IRS to collect said taxes?
To: Republican Wildcat
Amazing Mr. Andrea Mitchell was put into the Gov. positions that he was this those kind of ignorant thoughts.
40 posted on
05/12/2023 6:06:39 PM PDT by
DAC21
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