Estavamos junto ao precipicio mas conseguimos dar o passo em frente

There’s No Pain-Free Cure for Recession

Governments cannot create but merely redirect.
When the government spends, the money has to come from somewhere.
If the government doesn’t have a surplus, then it must come from taxes.
If taxes don’t go up, then it must come from increased borrowing.
If lenders won’t lend, then it must come from the printing press, which is where all these bailouts are headed.
But each additional dollar printed diminishes the value those already in circulation.
Something cannot be effortlessly created from nothing.

por Vitor Silva



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