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Ralph Hogendahl | 3 months ago (raw) | export | reply | flag +1 
 Any economist have a clear answer yet?

‘Why are we borrowing in a currency that we print ourselves?’

😅 nostr:note1a8qwgawcw4r7eyypguulgh7g48enkszprfs4lnv9ucv7ksl3asxqawdd0w
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Rune Østgård | 3 months ago (raw) | root | parent | reply | flag +2 
 Answer: 
The question is wrong. The government is just a facilitator. The major banks are the ones printing money, backed by the central bank acting as cartel coordinator.
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Ralph Hogendahl | 3 months ago (raw) | root | parent | reply | flag +1 
 Yes, although, couldn’t the big banks be considered as government at this point?

Love to hear your take on this @LynAlden
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Rune Østgård | 3 months ago (raw) | root | parent | reply | flag 
 The government secures the banks' income via taxation and socializes banks' losses. Nice marriage.
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Scientific Mystic | 3 months ago (raw) | root | parent | reply | flag 
 Peter Schiff answered this for me: to prevent inflation.