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DroK
Why do we use a debt backed currency?
So I've been really wondering why we create our money through borrowing rather than just creating it out of thin air. Since we use fiat currency there doesn't seem to be a reason to use currency that's based on debt which accrues interest. What exactly would be the down side with the government printing debt free currency as opposed to them borrowing currency from private banks that can lend at any amount of money with fractional reserve? Are we just worried about government printing too much money? Because if that's the case they can borrow as much money as they want right now, so why would we want to allow the borrowing with future interest when we can just print money and at least have no debt to repay? I mean the concept of a national debt makes literally no sense to me with a fiat currency. Is there something I'm missing here?
2 AnswersEconomics9 years agoDoes anybody want to know why Ron Paul supporters are so dedicated to him and refuse to vote for anyone else?
I saw this video today that pretty accurately sums up the feelings of Paul supporters in general. If you wonder what it is about this guy who makes him have such loyal support check this out. 6 minute video.
7 AnswersElections9 years agoWhat is the biggest problem with the US government and which presidential candidate...?
Which candidate will take steps toward solving that problem and what specifically will he do?
9 AnswersPolitics9 years agohow do i write to an access database from visual studio 2008?
i have to make a program that writes data from a temperature sensor to an access database along with the user information, date and time. i need to know how to take data from a label/textbox/listbox and input it into an access database.
2 AnswersProgramming & Design1 decade ago