Why Does the Government Borrow Its Own Currency?
May 11, 2024https://www.armstrongeconomics.com/wp-content/uploads/2024/05/Biden-Chief-Economic-Adviser.mp4 The problem with people’s attitudes toward the national debt is that everyone has forgotten why we borrowed in the first place. The theory was that if you borrowed rather than printed money, you were NOT increasing the existing money supply, and therefore, in theory, it would not be inflationary. However, the […]