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Old 05-28-2010, 02:22 PM   #35
Pastiche
Lifetime Suspension
 
Join Date: Jul 2009
Location: Enil Angus
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Central banks print out the money, and lend it to the government at interest. The politicians don't want to raise taxes because that would be unpopular with the voters, so they keep borrowing more, more and more. What are they at now, ...19 straight budget defecits in the U.S.?
Good lord. So a better idea would be to give Congress control of the money supply so they don't have the borrow anymore. Who needs to improse real decisions like spending cuts or tax increases when you can just make more money! Are you aware of the concept of inflation?
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