
Seesaws, Budget Deficits, and the National Debt
Money For the Rest of Us
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The Federal Government Can Create Money Out of Thin Air
Every dollar spent is somebody else's income within the private sector. If i reduce my spending in order to save, that means the tire stores income just went down. So then everyone ad all the business in the household, ide to reduce their spending by ten%. And then the government sort of fills in the gap with the ten % that they're spending. That actually allows savings to occur.
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