Comment Comment by throw0101d > The real problem is the government printing money. What we call the "national debt" is just government printed money […]The vast majority of money that is in the economy is created by banks with credit creation:* https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/m...* https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1905625The government, especially in the US, hasn't had a money printer for decades. parent throw0101d 2 years ago
The vast majority of money that is in the economy is created by banks with credit creation:
* https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/m...
* https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1905625
The government, especially in the US, hasn't had a money printer for decades.