David (not verified) | Mon, 10/08/2012 - 5:22pm

I have to respectfully disagree.

Sure we can print (issue) money and just spend it interest free, but what happens to the value of the dollar at that point?

Example: They say the Mona Lisa painting is priceless and one of a kind because there is only one. But what if someone found 5 million other Mona Lisa's in an attic? Well then the value of the Mona Lisa will plummet to worthless.

The same goes for the dollar, if we just print (issue) millions or billions of dollars, every dollar becomes less valuable which in turn can create massive inflation.

IE: Look at France during World War II, people were using wheelbarrows full of money for one loaf of bread. We have to remember that the Government's money comes from the tax payers, they are not supposed to print their own.

If there is not enough tax revenue there are two choices. The Government can tax more or the Government can spend within its budget (taxpayer tax dollars). I prefer the latter.

David

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