Alan Longbon-en Good News, The U.S. Government Posts A $137 Billion1 Deficit In November2
Laburpena:
(i) Dirua, gobernu defizita eta sektore publikoaren superabita, enplegua, aurrekontuaren defizita3
Zergatik albiste ona?:
(ii) Familia edo enpresa baten defizita eta gobernu baten defizita4
(iii) Gobernu baten diruaren sormena, teklatu baten bidez, kostua zero izanik5.
(iv) Gobernuaren defizita = sektore pribatuaren superabita6
(v) Gobernu sektoretik sektore pribaturako diru-injekzioa, eta inflazioa7
1 Bilioi amerikar bat = 1000 milioi europar.
2 Ikus http://seekingalpha.com/article/4030359-good-news-u-s-government-posts-137-billion-deficit-november.
3 Ingelesez: “Summary
Money stock expands by $137b.
The government’s deficit is the private sector’s surplus and it just expanded.
Look forward to more jobs and employment of real resources, economic expansion.”
4 Ingelesez: “Ingelesez: “The first question that comes to most people’s mind is why is this good news? Deficits are bad, are they not? In a household or business, yes, they are, as it means you are spending more than you are earning and at some stage will run out of money or need a loan or a debt haircut, or bankruptcy. The government is, however, not a household or a business; it is a unique creature that can issue currency, no other entity can legally do this, it is another ball game altogether and not well understood.”
5 Ingelesez: “The government of a currency-issuing sovereign nation, such as the U.S.A, has the privilege of printing its own money [orain teklatu baten bidez egiten da, kostua zero]. The U.S. government can print money and buy anything that is for sale in USD. It can never run out of money in the same way that a referee at a football match can never run out of points to award for kicking goals. The U.S government is the monopoly issuer of the USD, it is the referee at the football match and we in the private sector are the players and we want to win as many points as possible and they cost the referee nothing to award, he should award as many as we deserve.”
6 Ingelesez: “The government’s deficit is the private sector’s surplus and that is a simple fact of accounting. If the national debt is $20T it is because $20T of business was transacted in that year and could not have been transacted without it.”
7 Ingelesez: “The $136B injection from the government sector into the private sector last month was an increase in the overall money supply and will result in economic growth or at worse inflation. (Inflation if it is not matched by a corresponding increase in the output of real goods and services if the economy is at one hundred percent of capacity, which it clearly is not).”
