[lbo-talk] Tuff Lib'rul

Bill Bartlett billbartlett at dodo.com.au
Thu Jan 29 23:50:41 PST 2004


At 11:33 PM -0800 29/1/04, dredmond at efn.org wrote:


> > from tax dollars. Unless it isn't ever repaid, in which case extra
>> currency has been created and existing currency must effectively be
>> worth less.
>
>Not necessarily. You could invest in schools, science, infrastructure and many
>other fine things which garner a long-term social return, as opposed to just
>printing money.

True. If value returned to the economy equal or exceed costs, then there is no loss and there might even be a net increase in the value of the currency.


>Hyperinflation would be great for us overindebted, asset-light
>credit-serfs, though.

Yes indeed, bring it on!



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