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To: Toddsterpatriot; expat_panama; Travis McGee
In short, when the government is short of funds it prints it. ....If that's what you think, I can't help you

Now, on the one hand I have Toddsterpatriot, who says the government doesn't print money to help fund itself.

On the other hand I have Alan Greenspan who tells us that that is exactly what the government does.

Who to believe - Toddsterpatriot or the former Chairman of the Federal Reserve Board. It's tough. Expat tells me I cannot think. So expat tell me. Who is right on this point? Greenspan or Toddsterpatriot?

94 posted on 11/21/2007 11:06:18 AM PST by AndyJackson
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To: AndyJackson
Now, on the one hand I have Toddsterpatriot, who says the government doesn't print money to help fund itself.

Maybe you can tell us how much the Fed printed so the Treasury could spend it? I'm sure you could Google it.

151 posted on 11/21/2007 3:44:25 PM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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To: AndyJackson
In short, when the government is short of funds it prints it.

If that's what you think, I can't help you

Now, on the one hand I have Toddsterpatriot, who says the government doesn't print money to help fund itself.

You think the government couldn't fund itself if the Fed didn't buy Treasuries? What if the Fed bought GM bonds? Do you think the Treasury would still somehow be able to sell enough bonds to fund government spending?

217 posted on 11/23/2007 8:14:44 AM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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