Trump's China trade tariffs to weigh on US GPU buyers

[aidanjt]

Sorry if I've missed anything as it's home-time and from what i can gather most of what you've said seems to be roughly following the same premise, that government debt is bad because they owe it to someone, however that's not how things work when you're a fiat currency issuer, as a currency issuer you control both the supply and demand and as such you control the value that your currency has, it's in no way comparable to 'normal' peoples finances, in fact the two couldn't any more different if we tried.

That still doesn't mean the government can just print out unlimited reams of money to splurge on the usual unproductive garbage and not pay any of it back to the central bank. That's how you get off the rails currency inflation and the markets and investors react very badly to it. It's still effectively debt extracted from everyone and everything in the country.

[Corky34]

I didn't say the government can just print out unlimited reams of money, in fact i specifically highlighted in my original reply that "that you can go to far in the opposite direction and issue more new 'money' than the economy can effectively use and end up with hype inflation". And in the post you took a quote from i also said "with to much money [in the system] you risk hyper inflation".

It's still not debt though as that's the state of owing money and if we even got a tenth of the way to 'paying off' the national debt we'd probably trigger a massive recession, deflation and a whole host of other undesirable consequences, like I've already said it's a fine balancing act.