It's a political impossibility. No one has the guts to cut spending or reform entitlements.
What you fail to understand, is than in a system where fiat currency is borrowed into existence, it can never be paid off since it's borrowed into existence in the first place.
Loans are paid off all the time. So what?
What you fail to understand, is than in a system where fiat currency is borrowed into existence, it can never be paid off since it's borrowed into existence in the first place.
The money supply increased when I took out my mortgage. It will shrink as I pay it off. So what?
We're seeing a huge decline in M2 velocity even with all the QE going on.
We're seeing a huge decline in M2 velocity because of all the QE going on. Fixed it for you.
No you didn't the Fed is just realizing they can't print their way out of a down economoy.
Loans are paid off all the time. So what?
In this system of fiat currency, "money" would become even harder to get for "main street" business and investment.