Quote:
Originally posted by jagger88788
Uhm there is easily a way to get rid of debt if you just.......idk.....get rid of it????!!! Have the government pay for schooling. The uneducation in this thread
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Honey, that's not how economics work. So, there's thing where if you don't repay your debt the value of the country's currency goes down, which means it actually does bad things to the economy and the people that live in it are actually hurt. Now, Jill's idea of using Quantitative Easing (which she often describes as a "magic trick") is done through the Federal Reserve, not a single individual like Jill suggests (that would only be found in dictatorships).
Basically, quantitative easing would be when a country's central bank circulates new money. It's only ever used in dire economic times (which we are not currently in). If you want to read more about it, feel free to GOOGLE it.
