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View Diary: Why deficits don't matter - the reality of government finance (116 comments)

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  •  Yet (0+ / 0-)

    Yet. Japan is now being pushed into printing high speed to weaken its currency. Things can continue for a while, but eventually reality will strike .. and when it does, it will be very very quick.

    Those who make peaceful revolution impossible will make violent revolution inevitable. - JFK

    by taonow on Sat Nov 10, 2012 at 07:00:20 AM PST

    [ Parent ]

    •  It's funny that we're scared of gov printing, but (1+ / 0-)
      Recommended by:

      ignore the fact that most credit (which works like money) is created by the private banking industry.  Isn't  that scarry too?

      Or do we just want to guard the money flow that belongs to the people, or at  least should belong to the people, so that private actors have full control over the money supply?

      •  Investing that printed money can lead (2+ / 0-)
        Recommended by:
        katiec, psyched

        to economic growth. Which can lead to expanded educational capacity, which can lead to inventing more cool shit. And investing printed money in new cool shot leads to more economic growth...

        Once you get that cycle moving do you have to print as much money as when you are in the prime the pump mode?

        FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

        by Roger Fox on Sat Nov 10, 2012 at 11:44:29 AM PST

        [ Parent ]

    •  Japan has been (2+ / 0-)
      Recommended by:
      katiec, psyched

      printing at high speed for 20+ years.  Zero interest rate, no significant inflation.  How can that be?

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