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If the U.S. Federal Reserve can just “print” money, why does the Government borrow money?
Posted on 3/27/25 at 1:53 pm
Posted on 3/27/25 at 1:53 pm
Since Oct 1, 2024 the U.S. govt has been borrowing almost 8 billion a day. I say stop borrowing money, and just write a check from a limitless checking account, so to speak.
21
Posted on 3/27/25 at 1:55 pm to Cycledude
We can always mint those trillion dollar coins.
Posted on 3/27/25 at 1:55 pm to Cycledude
quote:
Since Oct 1, 2024 the U.S. govt has been borrowing almost 8 billion a day. I say stop borrowing money, and just write a check from a limitless checking account, so to speak.
Bless your heart.
Posted on 3/27/25 at 1:57 pm to Cycledude
And that is exactly how we got to where the $1 is now worth about a dime
Posted on 3/27/25 at 1:58 pm to Cycledude
I see someone who has never taken an economics course before...
Posted on 3/27/25 at 1:58 pm to Cycledude
Take a civics and economy class
Posted on 3/27/25 at 2:00 pm to Cycledude
Jesus you're dumb.
Posted on 3/27/25 at 2:02 pm to PNW_TigerSaint
I know flooding the economy with money causes inflation, However the government is spending this money regardless. Surely, some genius on this forum can explain to me why this wouldn’t work in a way my simple mind can understand.
Posted on 3/27/25 at 2:03 pm to Cycledude
If we just print more money we can all be rich!
Posted on 3/27/25 at 2:03 pm to Cycledude
Who do you think the government is borrowing the money from, exactly?
Posted on 3/27/25 at 2:04 pm to Cycledude
quote:
Surely, some genius on this forum can explain to me why this wouldn’t work in a way my simple mind can understand.
How do you think borrowing money works?
Posted on 3/27/25 at 2:05 pm to Cycledude
We’re paying interest on imaginary money to enrich a core group of globalist bankers at the expense of all taxpayers. They found a way for you to become a partial slave without most ever figuring it out.
Posted on 3/27/25 at 2:12 pm to Cycledude
Government borrows primarily from its own citizens in the form of bonds, bills, notes, etc. This way the government can cover spending without printing money, which would circulate and cause inflation. The government then pays back the money with a small amount of interest, which is still a gain for the government in the long-run vs increase in cost from inflation.
Best thing to do is stop spending so much money in the first place. Interest payments add up, and the US spends billions a year on interest alone.
Best thing to do is stop spending so much money in the first place. Interest payments add up, and the US spends billions a year on interest alone.
Posted on 3/27/25 at 2:23 pm to Cycledude
If they just print money anyway why do we pay taxes? It’s a farce
Posted on 3/27/25 at 2:25 pm to Cycledude
quote:
I know flooding the economy with money causes inflation, However the government is spending this money regardless. Surely, some genius on this forum can explain to me why this wouldn’t work in a way my simple mind can understand.
You're talking about the difference between spending limits and limitless spending. Yes, Congress is spending an obscene amount of money, but having to fund them through CRs/Budgets and having to keep within (or vote to raise) the debt ceiling keeps them from completely blowing the doors off of debt and creating hyperinflation.
Posted on 3/27/25 at 2:27 pm to Gunny Hartman
Lol, Yes..... Why do we pay taxes to a government that can just print money? So we get the illusion that we are paying for stuff. Since Nixon took the US off the gold standard in 1971 we have basically just been playing around with monopoly money. It's been a nice ride, but things have been coming apart since 2008 and only got worse after COVID. Currently we will spend more of this money on interest payments than we will on Military spending. When these things happen and the debt is larger than our GDP that's a direct signal that it may be to late to turn in around. The next few years will tell the tale. This is why gold and bitcoin are blowing up.......
Posted on 3/27/25 at 2:29 pm to ThatBaw
quote:
US spends billions a year on interest alone.
It's well over a Trillion now.
Posted on 3/27/25 at 2:30 pm to Cycledude
Government issues out bonds, etc. to formalize the debt. Without the bond instrument it is just ink on paper....or numbers on a ledger and you guarantee high inflation.
Posted on 3/27/25 at 2:31 pm to Cycledude
quote:Was this intended to be funny, or is this guy really this uninformed?
If the U.S. Federal Reserve can just “print” money, why does the Government borrow money
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