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Pragmatic Capitalism

Capital for Living a More Practical Life

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Cullen Roche Posted by Cullen Roche
Posted on 09/14/2015 1:27 PM
1265 views
Private answer

Debt-Free Money versus bank-created money.
Cullen – I feel understanding the concept and ramification of debt-free money is so important, even if you don’t favor it, since it puts our current system in stark perspective.
You state regarding govt printed money – “So yeah, they can print up all the money they want, but that doesn’t mean they can make people use their liabilities.” I believe you are only looking in relation to the current monetary system. Under the NEED Act (https://www.congress.gov/bill/112th-congress/house-bill/2990) people will have to accept government liabilities, as you call them, since all money initially entering the economy will be via government spending or gov’t issued loans. Gov’t borrowing would be superfluous and almost an oxymoron. Would appreciate your insights.

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Posted by Common Cents
Answered on 07/08/2017 12:28 PM
    Private answer

    I remember this. It was some kind of Presidential campaign gimmick.

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    Posted by MachineGhost
    Answered on 08/02/2017 8:14 PM
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