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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: matherandlowell who wrote (159759)	8/14/2019 11:12:29 AM
From: Jamie153	Read Replies (1) \| Respond to of 196545

"money exists because it’s created by the state" Without money we'd only have bartering. I don't know of any complex society that survived using bartering. "it is monetarily sovereign and can’t be forced to default on its debt." And yet the debt ceiling has to be lifted or we'll default on the debt. We can be forced to default by not lifting the debt ceiling. “Loans create deposits” Not really. Interest is the price of using someone else's money, or the cost of money. Everything has a price, even money. "generate full employment rather than a balanced budget" The "interest on the debt" is far higher than the entire budgets of all previous generations. Another bogus claim. Debt has to be financed and refinanced and it never goes away, no matter how fast the economy grows. I stopped at this point. ;)