[Peace-discuss] The money was there all along

[Bob Illyes]

Actually, John, we don't have to borrow it. We can also "print" it, with a 
little stealth help from the Federal Reserve. The usual image of Treasury 
printing more bills is not the way it is routinely done.

The problem with printing extra money in any manner is that it tends to 
produce general inflation in the long run. It is favored by politicians who 
aren't willing to raise takes. In the short run, they can have their cake 
and eat it too, like the "investment banks", which had their own 
non-governmental money printing presses.

Bob