this post was submitted on 11 Feb 2024
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Another thing that might have been different with a Gore win: when Bill Clinton left office, the federal government did not have a balanced budget - it had an actual budget surplus of hundreds of billions of dollars. With a continuation of that type of fiscal "conservatism", we could today have been debt-free as a nation. Instead, we have a debt of $34 fucking trillion.
You realise that debt of the government is equal to wealth in the private sector? Being debt-free would mean that there is no central bank money in circulation. How would this help the actual economy?
That's not how it works at all.
Ok, then explain how it works. Where does money in circulation come from?