tag:blogger.com,1999:blog-2761684730989137546.post1047794874240310904..comments2024-03-29T07:30:30.121-04:00Comments on Mike Norman Economics: Modern Monetary Theory: Can the Government Just Print Money? — Neal Farmermike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-3885106962734972732020-06-25T07:54:21.856-04:002020-06-25T07:54:21.856-04:00Yes, the government can just issue currency — as l...<i>Yes, the government can just issue currency — as long as it doesn't lead to demand that outstrips supply. </i> Tom Hickey<br /><br />Except government has to compete with a government-privileged private credit cartel, aka "the banks", for real resources.<br /><br />And when banks create credit, it's not for the general welfare but for the private welfare of themselves and the rich, typically the most so-called "credit worthy."<br /><br />Yes, a monetary sovereign can, at least in principle, always out-compete the private sector but why subsidize a bidding competitor in the first place at the expense of higher price inflation?Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.com