Privatized Debt? - Politics Forum.org | PoFo

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Everything from personal credit card debt to government borrowing debt.

Moderator: PoFo Economics & Capitalism Mods

By Allerton
#13979221
I have a few questions about privatized debt and public debt. Why doesn't the federal reserve just lend money to the Federal Government at 0% interest? That way the debt can be paid back through taxes and the risk of a large spiraling deficit is largely avoided. Why should our money supply not be public instead of private?
By Allerton
#13979520
How so, exactly? Would a public money supply necessarily lead to inflation?

I've seen this idea thrown around a lot by the various "Occupy" groups and their offshoots and am very curious about it. Several politicians in Canada have endorsed this idea as well.

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