Train crash incoming

Not to nit pick, but the US government doesn't create money, they just sell their debt. At times when they sell more debt than the bond market is willing to buy in that moment, the Fed steps in as the buyer of last resort and creates new money to buy it. The effect is the same, but I think it's im...

Just one correction: the government doesn’t make money. They certainly outspend their revenue. But at least in the US they don’t make money. Yet The spirit of this post is true. And sad.