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Sovereign states have no need to borrow money. They have a perfectly good printing press.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Feb 14th, 2012 at 04:33:09 PM EST
[ Parent ]
That basically characterizes your whole argument.

Only in wishful thinking land money printing produces actual value.

But if you don't accept this reality, you can not be helped.

by cris0 on Tue Feb 14th, 2012 at 07:05:04 PM EST
[ Parent ]
Printing money does not produce real value.

Refusing to print money can destroy real value.

So when in doubt, print more money. If that doesn't solve the problem, print even more money while looking for other ways to solve the problem. The only harm that can do is inflation, which isn't actually harmful at all.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Feb 14th, 2012 at 07:24:53 PM EST
[ Parent ]

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