What is going on guys?

  • enkers@sh.itjust.works
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    1 year ago

    Someone posted a good video explaining exactly this topic earlier today:

    https://lemmy.ml/post/5332899

    The gist of it is that the government can simply issue bonds to create more money if they need it. They are bounded by material constraints, and public sentiment, not by monetary constraints. Saying that funding one thing means another can’t be funded is a fundamental misunderstanding of how government finance works with fiat currency.