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originally posted by: Richsac89
I never paid any attention in economic class and had just barely caught on as to why raising the minimum wage comes with a catch. So serious and amateur question, why can't America just print more money to pay off the $19 trillion debt to foreigners?
originally posted by: MyHappyDogShiner
Because the way the monetary system is set up, if one prints more, it only creates more debt.
There is no money in the system.
This thing we call money is actually nothing but IOU's, or debt notes.
The more funny money one prints, the higher the debt becomes.
Nope, it doesn't work for anyone but the banks, and it is designed that way....
Because the US doesnt own their money. The federal reserve is not the US government.
Where does money come from? Where does it go? Who makes it? The money magicians' secrets are unveiled. We get a close look at their mirrors and smoke machines, their pulleys, cogs, and wheels that create the grand illusion called money. A dry and boring subject? Just wait!