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the debt (lemmy.world)
submitted 2 years ago by to c/memes@lemmy.ml
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[–] 0 points 2 years ago (1 child)

But you do have to pay that shit back … forever. And printing money leads to currency devaluation, makes everything else more expensive

Even if you don’t think the debt itself is unmanageable, you start having problems like

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  • [–] 1 point 2 years ago

    The economist ewww. The limits to how much money you can print is defined by the productive capacity of your country. If you print more money to increase productive capacity then it’s generally not a problem. The debt is simply an accounting fiction at that point.

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