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by nostromo 1360 days ago
The only reason the states are afloat right now is because the federal government gave them hundreds of billions in printed money. So, yeah, it’s printed all the same.

1. Federal reserve makes several trillions in new money and lends it to the US Government.

2. The US Government passes “infrastructure” and “Covid relief” bills that shower billions on states and cities.

If not for this flow of printed money, most of the states would be cutting budgets since 2020.

So, yeah, a lot of it is printed.

1 comments

You know, if there is a world where money isn't printed but people refer to it as printing, then maybe at some point the government will do exactly that because people don't seem to be concerned about the rate at which money is being spent nor do they care if the government does it or not, they just want to complain.