If Biden is right and just printing money for govt spending doesn't cause inflation.............

Nostra

Diamond Member
Oct 7, 2019
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...then why are we taxing anyone? Why not just print all the money the govt spends? This way, everyone keeps every dollar they earn and the govt can spend as much as it can print without repercussions.


Biden is lying since inflation exploded LAST year.

What a big liar he is since both LARGE inflation and gas price increases started long before Russia attacked Ukraine on February 24, 2022, from The Last Refuge blog

Biden Announces Ban on Russian Oil Imports, Simultaneous With US Gasoline Prices Hitting Record High


LINK to the rest of my post
 
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...then why are we taxing anyone? Why not just print all the money the govt spends? This way, everyone keeps every dollar they earn and the govt can spend as much as it can print without repercussions.

Well we now realize debt doesn’t matter so maybe inflation is no biggy too.
 
All Tater (and 87% of congress) have ever known is:

R.e46f137edda199d4318b2cefbd196d30
 
Well we now realize debt doesn’t matter so maybe inflation is no biggy too.
So how do we eliminate the inflation? In the past, raising the prime rate would achieve some benefits. But there are other intangibles in which I do not understand. Our debts are worse than when Fed head Volcker raised the prime rate to double digits in the early 1980's. Can that be done this time? We have the inflation now from the 1970's and the real inflation is double by the then CPI standards. Our economy may not be as fast growing as needed with the inflation. That is stagflation.
 
...then why are we taxing anyone? Why not just print all the money the govt spends? This way, everyone keeps every dollar they earn and the govt can spend as much as it can print without repercussions.

EXACTLY.

What's the point of taxation if print and spend is sound financial policy?
 

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