(RTD News Update) Fed analysis warns of ‘economic ruin’ when governments print money to pay off debt.
Federal Reserve #economists warn that printing #money to pay for #deficit #spending has been a disaster for other #nations that have tried it.
In a paper that discusses the burgeoning U.S. fiscal debt, Fed #experts note that high levels are not necessarily unsustainable so long as #income is rising at a faster pace. They note that countries that have gotten into trouble and looked to central #banks to bail them out haven’t fared well.
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