|
Iowa | It’s the old numbers don’t lie but lairs figure.
So the fed creates a dollar for snap (it’s created because we’re deficit spending). That dollar gets spent at store, so let’s say there’s .20 profit, that money is spent, again creating a profit- so by the time circulation is complete that dollar creates 1.80 in economic activity.
In a private sector scenario- you create a dollar (through work/profit) that dollar creates between 4-7 dollar of economic activity, so while they are telling facts, the real story is that government deficit spending creates significantly less economic activity than private sector money creation—- AND government debt restricts future economic activity- which you can’t account for. | |
|
Trump calls to end the fillibuster
