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by xxpor 1941 days ago
> Just that it is a fallacy to think the government simply has infinite money to spend.

They create the money so they literally do. Doesn't mean it shouldn't be deployed wisely of course.

3 comments

If you want to be pedantic, they have the ability to create infinite nominal dollars. They cannot create infinite wealth.
If they print money, they devalue the money people already have, so in the end again it is the people, not "government", who pay.
They "create" money out of your pocket.