You should read this: http://neweconomicperspectives.org/2010/11/yes-deficit-spending-adds-to-private.html
Federal taxes don't fund federal spending.
Government deficit spending is spending past tax receipts. It leads to new net financial assets in the domestic private sector when bank accounts...
What makes you believe that?
Why is the deficit a bad thing?
Yes. A government deficit is simply a way to add net financial assets to the private sector and cut down on private sector debt. - - - Updated -...
Horrible news.
Poor countries tend to have a lack of resources and a whole host of problems. - - - Updated - - - The federal reserve is a part of the...
"I'm an idiot who wants to scare people, people!" - Stefan - - - Updated - - - A surplus is simply a drain of dollars from the private...
Where do you think "money" comes from? Government deficit spending or bank loans.
First of all, I can't take anyone seriously who quotes zero hedge. Venezuela is suffering hyperinflation because, as the article points out,...
Please explain what examples you're referring to. All instances of hyperinflation are anomalies and linked to supply contractions.
The weimar, which I've already addressed, had a serious supply problem and had to pay debts.
Is this how you respond to factual statements? - - - Updated - - - That just proves my point. Greece isn't a currency issuer.
Err, I think you need to think about what you've just said. Sure, people need to use more dollars to pay for the same thing they could get 50...
I think we're all being dishonest if we don't admit to go through a "edgy communist" phase of our teenage years. Mine only lasted a month or so,...
Credit accounts with keystrokes. Hyper inflation? I don't see it. The only instances of hyperinflation are in relation to a massive drop in...
Yes or no.
Marxists tend to be young, white college kids who have no real world experience.
Discuss the OP. As the sovereign issuer of the currency, the US government can never fail to credit accounts.
Wow, this post has got my eye. Many things in this post that worry me, so let's begin. 1.) How does the money supply/monetary base actually...
Why would anyone celebrate this? We need larger deficits.
I am genuinely curious why both parties, and the majority of Americans, believe the "national debt" is a problem. Hopefully this thread will lead...
This is a generic introduction thread. I look forward to discussing many different things on this site, specifically the economy.
Separate names with a comma.
