Saturday, December 06, 2008

Where's the money coming from?

Obama Pledges Massive Public Works Program, New York Times, by Peter Baker

Where is the money coming from to fund these 'massive public works program'?
The government can print the paper that money represents. Government does not create the money, just the currency paper on which it is printed.
Adam Smith and Milton Friedman rise up from your grave.
We are screwed...

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