Originally Posted by
98CoupeV6
Actually, the government can print money to pay off bonds if it wants. It's bad practice, but it's possible. The only thing the USG needs to attract investors is a reasonable rate of return. Bonds and notes are repaid at an interest rate and are "risk-free", making them attractive long term investments. 6% APR is pretty good on millions of dollars.
Bad practice???
No it is a devestating blow to our inflationary values and the wealth of the entire country when they decide to "fire up the presses and make more money".
Do you not understand the idea that money is just glorified paper if there is nothing behind it to back it up?
I am with RB on this one, you have no clue of what you are arguing in the least and don't really understand how money and the Treasury department work.