Money is what drives economic productivity. People fail to consider that. If I give your $10 million, could you grow a business quicker, larger, and into more areas than if you didnt have the money? Of course.
How come people do not apply that to the economy? The key is can the economy handle it in terms of having the capabilities of expanding things. If there are not the resources, physical and human, then problems arise.
By the way, I failed to mention it is armstrongeconomics blog.
I guess that makes sense. Although I don't think countries can just add money to their books with just a snap of their finger.
I check the blog out a bit, and looked him up. He is an interesting fellow to say the least. His views and posts are not the usual type compared to what is in popular media. I did notice that he was convicted felon.
LOL if you knew how NY courts worked, you would see why.
He pissed the bankers off.
Countries add money through making loans. That is how the money supply increases under fractional reserve lending.