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The Water Cooler
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April was best month in history for U.S. budget
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<blockquote data-quote="Braggs" data-source="post: 3112690" data-attributes="member: 14999"><p>One theory is inflation. By keeping the prime interest rate low, you flood the economy with money (people take out more loans due to low interest rates and in fractional reserve banking, the money is created out of thin air) which devalues the dollars already in circulation. This requires more dollars to purchase the same product (including people/paychecks). Higher wages means tax revenue would be higher too. Sounds like a delayed way of the government collecting more revenue to repay its debts and why they can always guarantee their debts, because they can always inflate the dollar to make the debts meaningless.</p></blockquote><p></p>
[QUOTE="Braggs, post: 3112690, member: 14999"] One theory is inflation. By keeping the prime interest rate low, you flood the economy with money (people take out more loans due to low interest rates and in fractional reserve banking, the money is created out of thin air) which devalues the dollars already in circulation. This requires more dollars to purchase the same product (including people/paychecks). Higher wages means tax revenue would be higher too. Sounds like a delayed way of the government collecting more revenue to repay its debts and why they can always guarantee their debts, because they can always inflate the dollar to make the debts meaningless. [/QUOTE]
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April was best month in history for U.S. budget
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