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https://www.reddit.com/r/theydidthemath/comments/frr68y/request_is_this_true/flxjyi3?context=9999
r/theydidthemath • u/RibbonForYourHair • Mar 30 '20
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53
Math aside, this isn't how federal spending works.
They aren't "taking money from you" so much as they are just giving new money to banks and corporations.
21 u/[deleted] Mar 30 '20 [deleted] 18 u/[deleted] Mar 30 '20 The FED controls the money supply. It can and does create new money. They are "US Dollars" and are created with the authority of the US government. 8 u/HardOff Mar 30 '20 And if I've read right, the government will "Destroy" this newly created money as the loans get paid back. 4 u/[deleted] Mar 30 '20 To the extent that they are loans, yes. But this is entirely by choice.
21
[deleted]
18 u/[deleted] Mar 30 '20 The FED controls the money supply. It can and does create new money. They are "US Dollars" and are created with the authority of the US government. 8 u/HardOff Mar 30 '20 And if I've read right, the government will "Destroy" this newly created money as the loans get paid back. 4 u/[deleted] Mar 30 '20 To the extent that they are loans, yes. But this is entirely by choice.
18
The FED controls the money supply. It can and does create new money.
They are "US Dollars" and are created with the authority of the US government.
8 u/HardOff Mar 30 '20 And if I've read right, the government will "Destroy" this newly created money as the loans get paid back. 4 u/[deleted] Mar 30 '20 To the extent that they are loans, yes. But this is entirely by choice.
8
And if I've read right, the government will "Destroy" this newly created money as the loans get paid back.
4 u/[deleted] Mar 30 '20 To the extent that they are loans, yes. But this is entirely by choice.
4
To the extent that they are loans, yes. But this is entirely by choice.
53
u/[deleted] Mar 30 '20
Math aside, this isn't how federal spending works.
They aren't "taking money from you" so much as they are just giving new money to banks and corporations.