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[–]Tom_Bombadil 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

There’s a newly popular leftist economic concept known as Modern Monetary Theory, which argues that because government prints its own money it doesn’t have to worry about running up deficits or even raising taxes to pay for more government spending. According to this idea, the currency is a public monopoly, so government has few restrictions on its funding. It can’t go bankrupt because it owns the printing presses.

This is not a leftist idea. It is an on-going FED bankster scam.
The banksters have captured all parties, and the are holding most nations hostage.

The US needs to wake up and abolish the FED, and print it's own fiat currency.

In some sense, this idea is correct. The US could recognize that the national debt is infact ODIOUS DEBT.

The world should refuse to repay this odious debt. The banksters should be shunned in disgrace.