Debt

Money Creation in the Modern Economy

Money creation in the modern economy involves mostly private commercial banks and little to do with the U.S. government.

Debt in the U.S. government, individual, and corporate is much higher today than it was before the 2008 financial crisis.

China stopping buying our debt is what many people fear, but what happens when the biggest holder of our debt the Fed ended buying.

Consumer confidence is skyrocketing as jobs are plenty, and President Trump becomes the economy’s biggest cheerleader.

To get rid of government debt we can shrink the size of our economy stop being the world’s currency, or decouple bank IOUs from government IOUs.

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