Question
If government spending is $9 9 trillion and tax revenue is $5 5 trillion, then the government can monetize the debt by issuing $ nothing
If government spending is $9
9 trillion and tax revenue is $5
5 trillion, then the government can monetize the debt by issuing $
nothing
trillion in newbonds, then having the central bank conduct an equivalent open market purchase of bonds.
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Essentials Of Accounting
Authors: Robert N Anthony, Leslie K Breitner
10th Edition
136071821, 9780136071822
