Print away scumbags! There is nothing stopping you. Keynes put a hole in the fiscal dam when he made the simple suggestion that the government could overspend (deficit spend) in bad times to boost the economy but save during good times to even out the cycles. Governments spent more making larger and larger deficits -- anticipating better times. The dam burst when the yuan became a reserve currency and was accepted in the oil trade. You have a communist dictator able to create money. What can go wrong?
Inflation theory was based on dropping in a big chunk of currency would drive up prices (inflation) because it would take time for production of goods and services to catch up. Not today! Lead times are months or weeks -- not years. So print away!
Economics is the marriage of Human Nature and math.
What happens when the straw men who are obligated, under threat of force, to pay the spending bill of out of control elected spenders? Eventually they have no more money to pay the bill because they've been bled to death.
Keynes wad a retard! Lady Thatcher was right about Socialists spending other people's money.
Regurgitating Keynesian nonsense proves that the puker spitting out such idiocy hasn't the first clue about bond markets or the effect of deficit spending on institutional credit ratings.
Gov'ts don't generate revenue. They confiscate it. Absolute eventuality; either the 'serfs' will be bled dry. Or, they will rise up and refuse to be bled any further.
"Gov'ts don't generate revenue. They confiscate it. Absolute eventuality; either the 'serfs' will be bled dry. Or, they will rise up and refuse to be bled any further."
Or just print it... That was my point... Nobody feels any pain as long as supply meets demand without inflation.
Are you being facetious or serious?
Both... The national debt that Rand Paul keeps railing about is owed by the Treasury to the Fed... We pay interest to the Fed, which writes a check back to the Treasury. It keeps a little to pay the light bill et cetera.
Inflation happens when demand (money) exceeds supply (stuff - including services). If stuff/supply increases to match money/demand there will no inflation above the 2% the fed says is optimum.
Inflation has averaged less than 2% over the past 10 years... https://www.usinflationcalculator.com/inflation/historical-inflation-rates/