dibalikcrypto2 on Nostr: The govt running a deficit in a fiat money system is not a bug, but it's actually the ...
The govt running a deficit in a fiat money system is not a bug, but it's actually the feature to create more money (inflation) for the economy. The central bank printed fresh money to buy govt debt and give them to the govt and the govt spend those new money through the deficit.
Published at
2023-02-14 04:32:37Event JSON
{
"id": "c0116d9b328195dcea3e11567d64828473a888f6986584ba6be48a991aa4968c",
"pubkey": "7b361b54db7be12a8a2548c044c662a927fc6d734edec2a50f34e7a16818a53d",
"created_at": 1676349157,
"kind": 1,
"tags": [
[
"p",
"1bc70a0148b3f316da33fe3c89f23e3e71ac4ff998027ec712b905cd24f6a411"
],
[
"e",
"694ead7db80dbec1c516b73e1f5a189f5b0e78b5cc63612a77280f262dd0bd12",
"wss://nostr.bitcoiner.social",
"root"
]
],
"content": "The govt running a deficit in a fiat money system is not a bug, but it's actually the feature to create more money (inflation) for the economy. The central bank printed fresh money to buy govt debt and give them to the govt and the govt spend those new money through the deficit.",
"sig": "df6d000bfa62b5cfba162313b49ba2fcd37544a17458ec2c9e24522338aec176b13dac4013c9a3c9f1c830041d83c706879e1f665ba4d5745dfe629e48f3250a"
}
