reviewbarn t1_iydvffy wrote on November 30, 2022 at 5:50 PM

Reply to comment by throwawaydanc3rrr in ELI5 If money can come out of nowhere, can't it pop into somewhere? by TheKrillers

What are you asking? It WAS paid for with taxes and debt. It WAS NOT paid for by printing more money as the post I responded to suggested.

reviewbarn t1_iyd6exp wrote on November 30, 2022 at 3:05 PM

Reply to comment by Lithuim in ELI5 If money can come out of nowhere, can't it pop into somewhere? by TheKrillers

Your first paragraph is accurate. The government can print money indefinitely with a forever balance of benefits/problems.

Your second paragraph is quasi accurate. Overprinting money is ONE way inflation can happen, but not the only one. And more importantly, it is NOT the cause of the current GLOBAL inflation, nor is it relevant to the OP's question.

He asked specifically how two programs were paid for, and neither were paid for in the manner you suggest here.

reviewbarn t1_iyd5ibq wrote on November 30, 2022 at 2:59 PM

Reply to ELI5 If money can come out of nowhere, can't it pop into somewhere? by TheKrillers

The money did not come out of nowhere. The 2 trillion will be paid by a combination of taxes and borrowed money. The taxes probably don't need an explanation. The borrowed money comes from government selling bonds, a promise to pay back with low interest money later in exchange for money now.

People buy the bonds because the US government is known to pay their debts, it is a safe, almost no risk investment. The government sells the bonds because if the interest rate is lower than average inflation they are lest costly than they look, and the added value from being able to spend the money NOW helps invest for the future.

Basically the government was willing to take on some extra debt to invest money that could help its citizens today.

reviewbarn t1_itqyv81 wrote on October 25, 2022 at 5:37 PM

Reply to comment by Sunlit53 in ELI5: Why do book adverts so often use review quotes rather than plot/character/setting detail? by VertigoOne

I ran a fantasy review blog for 5 years, and it was never very big. But there are seven books out there THAT I KNOW OF that have a snippet of my review in their front pages (only one on the cover).

I lost my site's domain 4 years ago, a person couldn't find those reviews without using the wayback machine. So yeah, I am not real sure what value they have.