Tax doesn’t finance spending. That national debt is owed to no one. Money is created out of thin air, my friend, and always has been since fiat money was introduced. When the government spends, they just adjust the number on their account; they’ve come right out and admitted this.
“We can’t afford that” is a lie. They can afford absolutely anything, because they own the money, and they own the debt in that money - it’s a constructed fiction.
Printing large amounts of money out of thin air is a great way to turn a valuable currency into worthless Monopoly® money via inflation.
That is basic economics.
There are lots of examples for that in history.
Yes, but I did in the text that you answered too.
By the law of inference your answer was about printing money too, because my whole text was about that printing money out of thin air will create inflation.
Tax doesn’t finance spending. That national debt is owed to no one. Money is created out of thin air, my friend, and always has been since fiat money was introduced. When the government spends, they just adjust the number on their account; they’ve come right out and admitted this.
“We can’t afford that” is a lie. They can afford absolutely anything, because they own the money, and they own the debt in that money - it’s a constructed fiction.
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Tax doesn’t finance spending
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Printing large amounts of money out of thin air is a great way to turn a valuable currency into worthless Monopoly® money via inflation. That is basic economics. There are lots of examples for that in history.
Inflation is not a guarantee, that depends on the actual economy. Japan is massively in deficit and yet is seeing deflation.
Beeing deficit doesn’t have to mean that they print money, they can be deficit by taking higher and higher loans. Which comes with it’s own problems.
I didn’t say printing money.
Yes, but I did in the text that you answered too. By the law of inference your answer was about printing money too, because my whole text was about that printing money out of thin air will create inflation.
“I mentioned printing money so now you’re talking about it too”
No
It doesn’t need to be printed. They just add the number to the digital bank account.
Adding money to a digital bank account is equal to printing money. You don’t have to physically print money to print money