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It seems that if every time the gov't needs money to do something we consider valuable to a functional society, from education to road repair, gov't goes into debt, then we are on a destined future of economic collapse. However, if gov't were capable of creating money, then there would be no national debt, no taxes, endless opportunities for social improvement, etc. Perhaps the only hard part is explaining it in a way that the general population will understand...
http://www.yesmagazine.org/issues/path-to-a-new-economy/a-radical-plan-for-funding-a-new-deal
by Werewolf87 on May 30th, 2010
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