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We just can't keep printing more money to pay it off. And that's really the problem. We just keep printing money to solve our problems, but we can't go on much longer,” he cautioned.
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A budget deficit occurs when the government spends more than the revenue it collects. Currently, the US government is running a $1.5 trillion budget deficit, according to Treasury Department data.
The banking authorities, whether central or not, "monetize" the deficit, printing money to pay for the government's efforts to survive. The hyperinflation under the Chinese Nationalists from 1939 to 1945 is a classic example of a government printing money to pay civil war costs. By the end, currency was flown in over the Himalayas, and then old ...
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Money printing may refer to: Money creation to increase the money supply; Debt monetization, financing the government by borrowing from the central bank, in effect creating new money; Security printing as applied to banknotes ("paper money") Quantitative easing, a type of monetary policy meant to lower interest rates
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The amount of money printing is really extraordinary: Strategist. June 4, 2020 at 12:55 PM ...