Except a sovereign country with its own currency is not the same as a shopper at Home Depot. The latter needs to “pay for it” quite precisely. The former pays for it with its overall capacity to produce wealth as a society. We’re not on the gold standard anymore.
Replying to @ryangrim @lizzieohreally and
When Congress appropriates funds, the funds get created right there (actually by the NY Fed). There is nobody to “pay.” The NY Fed with a keystroke pluses-up govt accounts. That’s simply how it happens. The ONLY question is whether we will face inflation. No remote sign of that
2:32 PM - 28 Jul 2018
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