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by Ericson2314 2152 days ago
No, it's still stupid. The government creates dollars.

Asking individual agencies to save money for pensions just distorts monetary and fiscal policy.

When will people understand fractional reserve banking...
1 comments
lotsofpulp 2152 days ago
The federal government creates dollars. Ask the taxpayers in IL, NJ, CT, KY, Chicago, Detroit how their money printing presses are doing and if fractional reserve banking is coming to their rescue.

And it still results in devaluation of the dollar. You don’t get to pull resources from the future for free, especially if the expected economic growth doesn’t materialize.

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Ericson2314 2152 days ago
> Ask the taxpayers in IL, NJ, CT, KY, Chicago, Detroit...

We're talking about federal agencies.

> And it still results in devaluation of the dollar.

We could probably use more inflation, to be honest.

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