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Comment by orlandob

At some point, intelligent members of society (read: YOU PEOPLE) will realize that there is no such thing as zero-sum fiat monetary system. You don't need to tax someone for the government to create a new spending program. There is no scarcity in USD (its fiat money, there's infinite supply). When there are economic resources untapped, the ~50% unemployed & underemployed, the Government MUST step in and provide stimulus. The multiplier on the economy has been well studied and would benefit society greatly.

IN FIAT MONEY SYSTEMS (USD, CAD, JPY, AUD, CHF, etc.) FEDERAL DEBT IS PUBLIC INCOME. FEDERAL SURPLUS IS PUBLIC DEBT.

parent orlandob 11 years ago

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