Re:How Fake Money Saved Brazil (2010)
by jomamaxx on Sunday September 04, 2016 @04:11AM
(#12423346)
No. You are 100% wrong.
Not believing that there is any sound economic principle to validate your position, I checked your reference:
Your reference says nothing other than a few, very basic things about how the Fed is structured. It says absolutely nothing about the difference between 'raising debt + open market bond purchases' (how the fed does it) - vs. the hyperinflationairy issues related to governments that influence their central banks and basically print money.
So not only are you wrong - but your borderline lying by posting references that have nothing to do with anything.
In summary: aside from taxation, the US government generally can only raise money by issuing debt. They cannot print money willy nilly as they do in places like Brazil.
Not believing that there is any sound economic principle to validate your position, I checked your reference:
Your reference says nothing other than a few, very basic things about how the Fed is structured. It says absolutely nothing about the difference between 'raising debt + open market bond purchases' (how the fed does it) - vs. the hyperinflationairy issues related to governments that influence their central banks and basically print money.
So not only are you wrong - but your borderline lying by posting references that have nothing to do with anything.
In summary: aside from taxation, the US government generally can only raise money by issuing debt. They cannot print money willy nilly as they do in places like Brazil.