It is effectively money printing which will lead to inflation but that does not mean it is the wrong thing to do. Inflation over time balances out old debt with new income.
Isn't that just a case of input output? Like throwing a bigger boomerang and saying "hey look, a bigger boomerang is coming back, we're making progress!"?
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It is effectively money printing which will lead to inflation but that does not mean it is the wrong thing to do. Inflation over time balances out old debt with new income.
Isn't that just a case of input output? Like throwing a bigger boomerang and saying "hey look, a bigger boomerang is coming back, we're making progress!"?
Yes exactly, and that makes the boomerang you borrowed to buy your house seem smaller.