fromderinside
Mazzie Daius
- Joined
- Oct 6, 2008
- Messages
- 15,945
- Basic Beliefs
- optimist
As entertaining as it is, I worry. No one is addressing the issue of debt. Being 72 myself, I don't give a damn, really. I don't worry for myself, but for our collective grandchildren. Which generation will it hit? Gen2K -- those born in a year beginning with 2? The Genteen? The new20s? Who will pay when the debts come due. Free money for the banks continues for a while. I worry. I note that war increases the velocity of money. It is injected into the real economy, this, in turn, increases demand and a war-boom is born. The arms dealers, bankers and military (Eisenhower's Military-Industrial Complex) all profit. Greatly. A forgotten issue. I worry. In a dictatorship they vote, but there is only a choice of one name; in the US there are two names. I worry.
First the money isn't free because the FED has to account for it being printed as debt.
Second your worry is misplaced. You should be concerned about big banks hoarding the money and keeping it from circulating. there should be piles of loans for such as infrastructure that Congress should have enacted to suck the money into the economy. No good on the sideline and we already have the debt. The problems seems to be that Congress doesn't recognize it has this money that it needs to get moving and it is already counted as debt. Providing funding sources for that money is their job. Tying the printed money to tasks is the thing. Taking the government printed money from the banks and putting it to use is necessary.