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Politics

"Any gvt that issues its own currency can always pay its - bills" Spent any Confederacy currency

Posted: Jan 18th, 2019 - 8:28 am In Reply to: Good Lord. The monetary policy espoused by AOC where - spending is funded through printed money

lately?

What happens when someone decides they have no confidence in your currency.

This is essentially a national economic policy premised on the notion of a free Lunch. They really think we can continue to spend a trillion dollars a year (and rising) of imaginary money indefinitely with no adverse consequences? As we look through the history of civilization can we find a single instance where that’s worked?

“Money for nothing and your chicks for free”

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