A Quote by J. C. Chandor
We print money. The people that print the money is actually us. The government of the United States of America. By its very nature, we control that, and this system is there as representation of us.
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At the base of the Fed pyramid, and therefore of the bank system's creation of "money" in the sense of deposits, is the Fed's power to print legal tender money. But the Fed tries its best not to print cash but rather to "print" or create demand deposits, checking deposits, out of thin air, since its demand deposits constitute the reserves on top of which the commercial banks can pyramid a multiple creation of bank deposits, or "checkbook money."
I have long been in favor of a balanced budget restriction at the level of the federal government of the United States. Because the federal government has money-creating powers it can, in fact, be very damaging if it runs a series of budget deficits. With the state government in the United States, they don't have money-creating powers. The automatic discipline imposed by the fact that they are in a common monetary unit and don't have control over the money power means that the balanced budget restriction is less needed.
We have an economy that tells us it is cheaper to destroy earth in real time rather than renew, restore, and sustain it. You can print money to bail out a bank but you can't print life to bail out a planet.
The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
You [ the American President] can print more money, you just print and pay. I mean, it's a bad option, but you can do it.
When you print money, the money does not flow evenly into the economic system. It stays essentially in the financial service industry and among people that have access to these funds, mostly well-to-do people. It does not go to the worker.
To hell with news! I'm no longer interested in news. I'm interested in causes. We don't print the truth. We don't pretend to print the truth. We print what people tell us. It's up to the public to decide what's true.
Print some money and give it to us for the rain forests.
Throughout history, every government that's printed money, the money has eventually gone to its ultimate value which is zero. Remember? The confederate dollar went to zero. The continental went to zero. That's what happens when you have a bank that's allowed to print as much money as it wants to.
See we just had a misunderstanding. I thought we lived in the U.S. of A., the United States of America. But actually we live in the U.S. of A., the United States of Advertising. Freedom of expression is guaranteed? If you've got the money!
We send a lot of money - I don't know, I think it's in billions - of money to the Saudi government. We have so much tremendous leverage as the United States of America, but we seem to choose to look away when there's other interests at play.
The problem of giving health care to everybody cannot be solved so long as we're spending huge sums of money for war. Already we have a very wasteful healthcare system, the most wasteful healthcare system in the world. I mean, we spend the most money and still have 40 million people without insurance. Compare us to Cuba. Cuba is our enemy, run by a dictator, Fidel Castro. But people in Cuba get health care at least equal to that of the United States - with very scarce resources. So I think this issue is the most important domestic issue.
I don't get why the government is the only one that gets to print money.
What the U.S. does is it continues to print money when the economic situation gets difficult. This is what happened in the last depression during the summer of 2008 when they tried to resolve the economic crisis by printing valueless money. This is the business privilege given to them at the famous conference of Bretton Woods in 1944 when the United States emerged as the superpower after Europe and the rest of the world, mainly Europe, that had collapsed because of the war.
Strictly speaking, it probably is not “necessary” for the federal government to tax anyone directly; it could simply print the money it needs. However, that would be too bold a stroke, for it would then be obvious to all what kind of counterfeiting operation the government is running. The present system combining taxation and inflation is akin to watering the milk; too much water and the people catch on.
To own the dominant, or only, newspaper in a mid-sized American city was, for many decades, a kind of license to print money. In the Internet age, however, no one has figured out how to rescue the newspaper in the United States or abroad.
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