Ignorant Conservative
New member
This isn't rocket science, guys. Individuals have to work and save money before spending it.
So, what are the factors that seperate this principle between a government and an individual? What is the government's advantage over the individual, that they can counterfeit money instead of working for it and saving it before spending it?
Loans are not the same thing as the government printing money out of thin air, that hasn't been saved yet. Loans are money that are already in existence, that has *been saved* by whoever is giving out the loan. Same with credit cards. That money has been earned somewhere along the way. It isn't printed out of thin air.
The point is that there has to be a pool of resources to draw from. Individuals have to operate within this pool of saved resources. Government does not.
Why?
So, what are the factors that seperate this principle between a government and an individual? What is the government's advantage over the individual, that they can counterfeit money instead of working for it and saving it before spending it?
Loans are not the same thing as the government printing money out of thin air, that hasn't been saved yet. Loans are money that are already in existence, that has *been saved* by whoever is giving out the loan. Same with credit cards. That money has been earned somewhere along the way. It isn't printed out of thin air.
The point is that there has to be a pool of resources to draw from. Individuals have to operate within this pool of saved resources. Government does not.
Why?