bripat9643
Diamond Member
- Apr 1, 2011
- 170,163
- 47,312
We're a fiat regime now. I am quite obviously talking about our current system.Hey, moron, we've been a fiat regime for decades. I'm not a gold humper, I like to talk about the world we actually live in.In today's modern world, the us govt creates dollars and adds them to the economy. That is simply how it works. The economy would collapse if the us government stopped creating dollars, since circulation is not how it ideally should be. Disagree with every word of it? Then you're a moron who knows nothing about economics.I disagree with every word of it. But for starters, take your claim that money couldn't exist without the National debt. That is easy to disprove.
Yes, I fully realize the government creates money. However, your theory that it couldn't do that without going into debt is pure fantasy. Your believe that the only kind of money is government fiat money is also clearly a fantasy.
What the f*** do you think the debt represents?However, your theory that it couldn't do that without going into debt is pure fantasy.
You said money couldn't exist if the government didn't go into debt. Now you seem to be claiming that it was possible in the past. Did the laws of economics change at some point?
So why can't the government simply print up more bank notes without incurring any debt?