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If the debt gets too big, the bond vigilantes will stop buying
If the government creates more money, it will be worth less
If the government creates more money, it will cause inflation
Our grandchildren will have to pay off the national debt
The federal government can run out of money
The federal government must tax or borrow before it can spend
The government must live within its means
Understanding Money
What about Venezuela? Zimbabwe? Greece? Weimar Germany?

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The truth is out: money is just an IOU, and the banks are rolling in it

The truth is out: money is just an IOU, and the banks are rolling in it

Leave a Comment / economics / By Tom Olin / April 18, 2022

This 2014 article from David Graeber is still just as relevant today as it was then:

https://www.theguardian.com/commentisfree/2014/mar/18/truth-money-iou-bank-of-england-austerity

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