Why Can't the Government Create Money?

Who is going to buy the houses if the 'upcoming generation' can't?

Really?

My pound coin in my pocket, where is the corresponding debt?

In your income tax and in the price of consumer goods.

Have you heard of the self-defeating government scheme "Right to Buy?"

When boom turns to bust, house prices will fall slightly, which means that young people will be able to secure a mortgage but will be burdened with a huge debt and bad economic conditions.

The only way to end the artificial boom and bust cycle is to separate money from debt.

This is why. You know Hitler bypassed Jewish finance and began state created money and look what happened to him.Gadaffi was creating a new currency which is why America took him out.

Neither of those of debts, income tax can be 0% and 'consumer goods' could mean anything - I've been paid to take consumer goods away before.

But you do realise it would be very difficult for anyone ever to get a mortgage/loan if we went back to that system? And it would slow growth and progress down immensely probably causing a severe recession. And savers money is use to finance loans, but because of the reserve ratio, it causes a money multiplier effect. Which hence leads to faster growth thanks to freely available credit which is critical in any developed economy.

How many people use right to buy these days?

So young people cannot secure a mortgage these days? (what do you classify as young btw?)

The only reason you pay the income tax is because the government needlessly borrows money from a private banking cartel.

I have no idea what your last statement means, but it's probably irrelevant.

I won't be sidetracked. Stay on topic. If you see a flaw in the proposal, indicate it.

The government borrows with interest. There is no need for this.

I have always thought about this question (Have not read allof this btw) but the simple answer is inflation. There is more stuff other thanthat but I think inflation is one of the reasons.

No, there is income tax to pay for things it buys, it only borrows from a private banking cartel when it wants to spend more than it wants to tax.

quantitative easing?

You sidetracked yourself. Not my fault if you sidetrack yourself with gibberish like 'the young can't afford to buy homes' - absolute junk.

If the government wants to borrow more than its tax reciept intake, who foots the bill? The taxpayer.

The entire system is a scam. And the majority of people are too economically illiterate to realise it, unfortunately.

1. Emotional response.
2. No evidence.
3. Not relevant to the thread, which is specifically about the monetary system.



A flaw in the debt-free monetary system, silly.
But I don't think you actually know what you're talking about half the time. You're all over the place.