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>Government deficit.

And where does that come from? Obviously, it should come from the people of the country or its natural resources.

But we don't like to say that, do we?




It comes from the future production of the countries, the exact thing the spending is meant to boost.

If the 800bn creates more than 800bn in (time-adjusted) future productivity, it pays for itself. If not, it was a bad investment.


>the exact thing the spending is meant to boost.

Sure, but that is 800bn that could have been spent on more meaningful things. People would be more happy to redeem that by their work..


> But we don't like to say that, do we?

Because it not true. The only body emitting currency is a government


a currency is backed by value generated by the people and the natural resources of a country.




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