It doesn't work like that. You can't create value to no end by printing money. That's the same sort of financial engineering shit that got us into this mess in the first place. There's an argument that if the government wastes money that the people will recycle it and make it worth more, but it simply doesn't work like that. They forget that there is a cost in this scenario. The cost is that the government is swallowing up capital that could have been used in a more efficient manner. There is a finite amount of capital in the world. If governments swallow it up for wasteful reasons, we're all the worse off for it. The proof is in the pudding. Look at the GDP per capita of every socialist country of significance relative to us (less Norway who got lucky by waking up on top of a huge oil field).
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