bripat9643
Diamond Member
- Apr 1, 2011
- 170,170
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I didn't say the Federal Reserve prints money. I said it creates money. "Monetary policy" means creating money out of thin air. Are you claiming that the Federal Reserve isn't part of the Federal Government?Carter was printing money to pay for his spending, dumbass.i mispoke. i mean the higher the interest rate they will demand. Rates are low now, but they are headed up. i recall what happened when Jimmy Carter was president. We had mortgage rates as high as 12%.No way of knowing what? The more bonds the government prints, the less interest investors are willing to pay.But if we print 30 trillion dollars, we can pay off the debt, right?No one knows for sure. We were certain of hyperinflation because of QE after the Meltdown.
If there is inflation it could be long and rough or it could be spiky and short lived.
No one knows for sure. Especially those whose perceptions are distorted by partisan ideology.
To be fair I think this is one of the times that it's not partisan ideology to realise that spending trillions and giving every endless free stuff would equate to hyperinflation and interest rates that will sink the economy. It's economics 1-0-1 that the biggest dummies like myself can understand.
I do agree though that hyperbole and ideology clouds folks views at the best of times, tho.
I have been screaming this on this site and I get crickets.
My only conclusion is that most Americans are really fucking dumb.
I have laid out the specific math....the response I get is...DERP!
BLACK LIVES MATTER!
As we become Greece.
This Republic is about to fall.
It's only a matter of time before the rest of the world realizes that they're subsidizing our cushy way of life and stops accepting the worthless pieces of paper we send them for the goods they actually create. We'll become a third world country overnight and you can say 'goodbye' to that 'thin veil of civility' that we're only barely holding on to as it is...
Wtf? You seriously need to go look at the difference between monetary policy and fiscal policy.
Debt is financed by gov bonds, meaning SOMEONE IS BUYING IT.
How much debt is too much?
"Too much" for what? For investors to stop buying American bonds?
If you knew anything at all you would know there is no way of knowing that.
It's as simple as that.
How is it possible for you to be sooo wrong, soo often?
Bonds are "printed" when they are bought ignoramus, they are just an "I-owe-you" note with interest the investors buy.
Interest rates are at historic lows, so obviously investors are VERY willing to buy at very low rates despite rapidly increasing national debt.
Yep, it was 12% interest despite very low national debt levels, so maybe you need to rethink your oversimplified understanding of that relationship.
Debt matters and ignoring it may one day end in a disaster for America, but to know exact debt level it happens at is more a matter of opinion than fact.
Ironic for you to call someone a dumbass while saying dumbass nonsense.
Federal government does not "print money" to pay for spending. You are confusing monetary policy by the Federal Reserve Bank and fiscal policy that is taxing and spending.
National deficit is the difference between receipts and spending (inc interest spending), you cannot lower it by "printing money"
You can easily lower what the government owes by creating money. For one thing, debasing the currency lowers the value of what the federal government owes.
What else can I school you about, dumbass?