Thank goodness the world and American citizens take our - printed, fiat currency at near zero Posted: Oct 13th, 2018 - 12:30 pm In Reply to: The deficit is necessary. - Sm
interest rates. I can’t imagine what would happen if they didn’t.
If the govt can decide what those private sector savings is worth, what's the point? This makes no sense.
If the US government will not default on its debt because the government owns the printing presses, why did the S&P downgrade of the US government's credit rating during Obama’s years?
During quantitative easing under Bernanke, the Fed bought treasuries/mortgages, etc in the open market. Next time there is a financial crisis, I wouldn’t be surprised if the Treasury Dept borrowed directly from the Fed and just skipped the part of buying in the open market. And they bought it with the same fiat money.
This is what causes a bubble, just like Wall Street.
Interest is becoming a huge drain on the yearly budget with even more borrowing.
I'm sorry, but I have to respectfully disagree. Once we get "Medicare for All" (single payer's new name) I just don't see how this will work.
We have a spending problem and just printing more money or what ever it's called now is part of the problem. It's not a tax problem.
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