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[quote user="YoHo1975"] <blockquote> <div><img src="/TRCCS/Themes/trc/images/icon-quote.gif" /> Bucyrus:</div> <div></div> I agree that sovereign finance is more complex than personal finance, but they share the same economic fundamentals.  I do not believe that a country can simply spend money indefinitely beyond the revenue it takes in from the production of wealth as though money were merely an abstraction that government can create for itself as it desires.  Government can indeed spend its way into an economic collapse if it spends too much.  If this were not true, we would all be on easy street with a golden goose satisfying all wants.  <div style="clear:both;"></div>   </blockquote>   Secondly, of course a government could spend itself into economic collapse. But since it can levy taxes and also print money, ...it should be near impossible. [/quote] Ah, so you do believe in the economic golden goose.  Just tax and print money.  It sounds like the world just needs more printing presses.
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