[p2p-research] Who Issues the Money that National Governments then Borrow?

[Patrick Anderson]

Ryan Lanham wrote:
> Simply borrow, and money is created.

Are saying Debt and Issuance are identical?

If that is true, then what is the meaning of counterfeit?

Why would a government care if I print more money if it is identical
to borrowing money from a bank?

And what is the interest a nation pays when it borrows as opposed to
paying nothing when it issues for itself?


> Basic income is fine.

Is a Basic Income the same as taking out a loan?

If so, then we have always had a Basic Income, right?


> Debt creates incentives that push people to perform.
> It is like a test in a school.
> Such incentives nearly always work well.

I see, so governments should never issue their own money because it
would lower their performance.

But what about those banks that *DO* issue the original money (M0) -
how are they expected to perform well?

In conclusion, the US $12 Trillion debt is a good thing, for without
it, the performance of that government would suffer.