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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: shades who wrote (49981)1/18/2006 1:18:33 AM
From: kris b  Read Replies (1) of 110194
 
Why cant the government take the money and spend it directly on social programs or other gubbment waste?"

They can and they did in Japan with both fists, but the recipients of the social programs/gubbment waste just increased their monetary base/savings in the bank or under the mattress. This is where the money stops, and velocity collapses.
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