Re:Bank of Canada increases overnight rate target to 1 per cent
by sbenitoj on Wednesday September 06, 2017 @11:46PM
(#15189009)
"Government debt is never the problem considering government has monopoly to create new money."
Not for long they don't! Cryptocurrencies have finally found a way to get around such unethical control of the world's monetary systems.
And government controlling the monetary systems does not make government debt irrelevant -- even if they can always print more money, they can't always avoid hyperinflation. And regardless, printing money is stealing from savers, so it's not exactly some noble activity.
Not for long they don't! Cryptocurrencies have finally found a way to get around such unethical control of the world's monetary systems.
And government controlling the monetary systems does not make government debt irrelevant -- even if they can always print more money, they can't always avoid hyperinflation. And regardless, printing money is stealing from savers, so it's not exactly some noble activity.