It has been my belief for a long time now that the state can just spend money without 'liability.' if the state was to spend money as it chooses to, the money enters circulation and comes back to the state through taxation, yes? then, the state has more assets 'on it's shores,' there is more g.d.p. better infrastructure to be leached off of, and the money loses some spending power. then, after a year or so, the state cuts a zero off the currency value, and then everything is fine again.
totally naive of course. There is no free lunch! If USA printed $4 trillion a year and built, say, infrastructure and then taxed an extra $4 trillion to avoid inflation you'd have 1000 bridges to nowhere build by libsocialist bureaucrat monopolist politicians and $4 trillion less in the private sector with which the free market could build and sell what millions of free people directed the free market to make and sell for their daily sustenance. This is the perfect formula for instant depression and poverty. Econ 101 class one day one.
Not true. if the state makes four trillion, spends four trillion, four trillion enters the private sector. then, when that money gets spent, it gets taxed, leading to economic growth and a stimulus for the builders, then the people they buy from, and so forth.
