Ha ha ha ha ha, spent all the money so there's none left, ha ha ha.
Sorry, I cannot get myself into the right mental space to go and argue about this with anyone, but since most governments seem to run on debt and be in constant massive deficit I don't see how that would be an argument anyway. Plus obviously, how about not spending money on new nuclear weapons etc etc blah blah.
But no. Since banks are no longer required to hold anything of actual value to back up the numbers in their computers, I can't see how it's possible to spend it all either.
Okay, no doubt it's more complicated than that in some obscure way, but I think no one actually understands how economics really works today. Including me, but me less than people who think the money is actually real money sitting somewhere being real.
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Date: 2010-08-20 01:00 pm (UTC)Sorry, I cannot get myself into the right mental space to go and argue about this with anyone, but since most governments seem to run on debt and be in constant massive deficit I don't see how that would be an argument anyway. Plus obviously, how about not spending money on new nuclear weapons etc etc blah blah.
But no. Since banks are no longer required to hold anything of actual value to back up the numbers in their computers, I can't see how it's possible to spend it all either.
Okay, no doubt it's more complicated than that in some obscure way, but I think no one actually understands how economics really works today. Including me, but me less than people who think the money is actually real money sitting somewhere being real.