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<p>[QUOTE="medoraman, post: 1208984, member: 26302"]Interesting read Cloud, but you have to admit this only works in a small amount. There WAS debt issued for that project, it was the issuance of currency. All nations profit by issuing non interest bearing currency. Think of it this way, how did the currency get retired? By tax payments. Effectively the government issued debt to the people, and paid it back with loss of future tax receipts. This can and is done. However, the limit is how much currency you can put into circulation without driving inflation, a limit we reached 100 years ago or more. After that, debt is the only option for further borrowing.</p><p><br /></p><p>Your little story was not new or groundbreaking, and I am not sure why you have to be "open minded" to agree with it, since its extremely simplistic, basic stuff. I would have assumed most here already knew this.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1208984, member: 26302"]Interesting read Cloud, but you have to admit this only works in a small amount. There WAS debt issued for that project, it was the issuance of currency. All nations profit by issuing non interest bearing currency. Think of it this way, how did the currency get retired? By tax payments. Effectively the government issued debt to the people, and paid it back with loss of future tax receipts. This can and is done. However, the limit is how much currency you can put into circulation without driving inflation, a limit we reached 100 years ago or more. After that, debt is the only option for further borrowing. Your little story was not new or groundbreaking, and I am not sure why you have to be "open minded" to agree with it, since its extremely simplistic, basic stuff. I would have assumed most here already knew this. Chris[/QUOTE]
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