Ten, Thanks for the two links. It now seems to me that the creation of new money is alright as long as those who create new value can keep up with it. This is not so complicated after all: Don’t let anyone invent new excuses for lending money to those who do not have a reasonable chance to pay it back.
By the same token (not a pun), let’s not lend more trust to the government than it deserves: We The People are the only ones who possess the privilege to grant trust to whomever we elect, literally! If it’s not a fair transaction, let’s not enter into it! Let’s remember that we produce the money, and the government consumes some fraction of it. There may exist a reasonable proportion to that, but it cannot obtain by default.
It is now becoming widely apparent that government employees are better compensated than productive workers. Why should not we help the government employees find more productive careers? The mindless dispensation of unwarranted largesses is not doing anyone any favor, because bribery is an insult to personal dignity.
