- Ytlaya
- Nov 13, 2005
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The big and obvious difference is that lay people cannot create their own money. There is never a risk of the US somehow ending up in a situation where it literally can't pay its debt, whereas a normal person (or business or whatever) obviously can end up in that situation. So it's always just a question of whether the upsides of spending the money are greater than the potential downsides of inflation (which is basically as you describe; when there's more money circulating around in the economy, it can result in prices being raised and the money being worth less).
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Jan 24, 2019 05:27
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