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Pittsburg, Kansas | Falco Fog you need to read Bastiat. You are seeing what current results are of current events. But you are not considering the part that lies ahead. For that you have to forsee what plays out.
http://www.econlib.org/library/Bastiat/basEss1.html
Sure we can always pay our bills by borrowing or printing money. Congress created the Fed so they could even do away with it if they wanted and create money directly without the middle man. But it always eventually ends up the same. Too much is printed and the value of each unit decreases.
All will be well when we create the perpetual motion machine that creates energy with no input. Fiat money and "debt doesn't matter" are the monetary equivelent of the perpetual motion machine. It is like alchemy of turning lead into gold. Sounds great in theory but breaks down in actual practice.
John
Edited by John Burns 1/20/2017 19:26
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huge jump in US national debt
