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Comment: Technically the government could pay all of tis debt with

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Technically the government could pay all of tis debt with

Submitted by jetguy on Fri, 11/23/2012 - 14:41.

created money - but money would lose all credibility, if we knew that we were competeing against the government for scarce resources (the definition of an economic transaction) which WE had to trade our sweat for, while the government just printed.

We need to feel that we have some skin in the game.