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by lotsofpulp
2152 days ago
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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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We're talking about federal agencies.
> And it still results in devaluation of the dollar.
We could probably use more inflation, to be honest.