Could someone please explain to me, and I would expect a lot of other people; where the money comes from, in simple terms, if that is possible, to enable productive countries like New Zealand, USA etc to continue borrowing more than they earn. Private, ordinary citizens cannot live their lives constantly borrowing more than they earn without a day of reckoning eventually arriving. Surely this must be true of Countries and their Governments. Is there a hidden agenda of World dominance by some entity not needing to revert to warfare? Sounds silly perhaps? Maybe not.
Barry H. Walker, Mt Maunganui.
3 comments
TWO ANSWERS TO THAT.
Posted on 07-09-2011 21:04 | By PLONKER
Because they can of course, it is the least of two evils for now: borrow v's reduce spending and get voted out. The other option also employed in the US and elsewhere is actually the answer to your letter "PRINTING PRESS".
THE MONEY TREE!
Posted on 08-09-2011 17:01 | By CRUMPY
Little like Newton, sit there long enough it will appear from nowhere and hit you on the head.
IRONIC AFFECT OF PRINTING MONEY
Posted on 09-09-2011 09:12 | By Secret Squirrel
Wanting to spend is easy when you are a government, all you have to do is borrow, when there is nothing left to borrow then all you do is speed up the printing press and carry on spending .... not a good idea really but there is a benefit. The more you print the less the currency is worth so the lenders end up with less, ironic justice in the world there somewhere.
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