Pablo Xannybar on Nostr: "The #government definitely prints #money, and it definitely lends that money, by ...

"The #government definitely prints #money, and it definitely lends that money, by uhhhh, by selling #bonds. Uhh, is that what they do? They, they, uhhh, um, they, yeah, um, they sell bonds and people buy the bonds and lend them the money... But there is no question that the government prints money, and then it uses that money to, urm, erm, so, um, I don't get it, I don't know what they're talking about. The government clearly prints money, it does it all the time, and it clearly borrows... I don't think there's anything confusing there."

- Jared Bernstein