WEBVTT

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This government can't go bankrupt because we can print our own money.

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It obviously begs the question, why exactly are we borrowing in a currency that we print ourselves?

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I'm waiting for someone to stand up and say, why do we borrow our own currency in the first place?

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Like you said, they print the dollar, so why does the government even borrow?

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Well, again, some of the language and concepts are just confusing.

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The government definitely prints money and it definitely lends that money.

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The government definitely prints money and then it lends that money by selling bonds.

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Is that what they do?

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They sell bonds and people buy the bonds and lend them the money.

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A lot of times, at least to my ear with MMT, the language and the concepts can be unnecessarily confusing,

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but there is no question that the government prints money and then it uses that money to...

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So, yeah, I guess I'm just... I can't really talk... I don't get it.

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I don't know what they're talking about because it's like the government clearly prints money.

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It does it all the time and it clearly borrows.

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Otherwise, we wouldn't be having this debt and deficit conversation.

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So I don't think there's anything confusing there.