[Tell It Right]

IMHO it's a lot of wordplay to say not to worry about the U.S. debt. It's just money printing, no big deal.

Ask other nations how that turned out.

[cgbg]

One of my favorite college stories is when I approached the Economics 1 professor and started grilling him about the national debt.

He assured me it was nothing to be concerned about because “we owe it to ourselves”.

Omg.

[marktwain]

IMHO it’s a lot of wordplay to say not to worry about the U.S. debt. It’s just money printing, no big deal.

Ask other nations how that turned out.

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Exactly. It is not difficult to understand the federal government can create money from nothing, whether it prints it or simply uses a computer.

It is also true the more money there is, the value of the money will drop in relation to the amount of goods and services available. Inflation is caused by the increase in money, whether printing or by the federal reserve.

To claim the actions of the federal reserve do not cause inflation is to claim increasing the supply of money has no bad consequences. It is a magical claim that we can get goods and services without effort.