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re: Interest on the debt is 60% of the Amount taken in by the Treasury in February

Posted on 5/9/24 at 9:50 pm to
Posted by GumboPot
Member since Mar 2009
119327 posts
Posted on 5/9/24 at 9:50 pm to
quote:

Sounds like this has been planned in advance.


100% planned.

quote:

How exactly do we have debt when we print our own currency? Why do we pick and choose when we inject/remove currency from circulation?


Because we allow it.
Posted by RiverCityTider
Jacksonville, Florida
Member since Oct 2008
4613 posts
Posted on 5/9/24 at 9:56 pm to
We can just print it. We do that and then buy bonds back. That puts extra money in the system.

Money supply goes up. That means inflation goes up. More money chasing fewer goods.


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