ownyourfuture
Thinks s/he gets paid by the post
- Joined
- Jun 18, 2013
- Messages
- 1,561
Now I'm really confused. If the debt can be repaid without raising taxes or reducing spending, then just were does the money to pay the national debt come from?
This reminded me of a quote from an article discussing modern monetary theory.
The basic argument from MMT promoters, is that “anything that is technically feasible is financially affordable,” because a government that creates its own currency can borrow in that currency & then pay off the resulting debt by creating more of it.
I file that under, if something sounds too good to be true............................