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We Don't Need a Middle Class Tax Cut

Critter7r said:
But the reality is that we don't really even have to pay them back (at least not with tax dollars). Treasury can just buy their own bonds to generate the funds for that.

I realize that just because I can't imagine a scenario in which people wouldn't want to buy US bonds doesn't mean that there can't be such a scenario, but I think that the inability to pay back bonds would come long after people stopped buying bonds (i.e. there would be an indication that a difficulty in repayment was forthcoming). But "they" aren't decreasing "their" purchases of US bonds, so I don't see any reason to be worried about not being able to pay "them" back.
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it is tax dollars that gives the dollar some of it's value.
if i just show up with a barrel of money i printed off and go here you go.

that doesn't instill very good faith in my money. it also doesn't make it very valuable.

this is the same reason that MMT fails.
 
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