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28/01/15

12:48

Post #: 14651995
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Originally posted by tigmeister ↑

A deficit doesn't have to be managed. The RBA simply prints the money. Government is a scorekeeper. When you play cricket can the scorekeeper run out of runs? How can the government run out of $AUdollars? If deficits ruined the economy then how come the US is the one and only true superpower? Wouldn't the US deficit make the US the poorest and weakest state on earth?
Modern Money & Public Purpose 1: The Historical Evolution of Money and Debt

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Ok under your version of economics all countries can just keep spending deficits are not a problem moneys not a problem ,I wonder why no one thought of it before ,thanks for that Kevin.
Its a bit like sex some people get and some don't.
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