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[[Fiscal conservatism|Fiscal conservatives]] and libertarians complain that it is larceny on the grand scale.[http://dailyreckoning.com/monetizing-debt-the-grandest-of-larcenies/] Rather than a government repaying what it has borrowed, when a government monetizes debt the a government merely prints up extra currency and uses it to pay its loans.[http://dailyreckoning.com/monetizing-debt-the-grandest-of-larcenies/] When a government debt monetized is it is transformed into an increase in the money supply which decreases the value of its money.[http://dailyreckoning.com/monetizing-debt-the-grandest-of-larcenies/]
[[Fiscal conservatism|Fiscal conservatives]] and libertarians complain that it is larceny on the grand scale.[http://dailyreckoning.com/monetizing-debt-the-grandest-of-larcenies/] Rather than a government repaying what it has borrowed, when a government monetizes debt the a government merely prints up extra currency and uses it to pay its loans.[http://dailyreckoning.com/monetizing-debt-the-grandest-of-larcenies/] When a government debt monetized is it is transformed into an increase in the money supply which decreases the value of its money.[http://dailyreckoning.com/monetizing-debt-the-grandest-of-larcenies/]
==See also==
*[[Debt-to-GDP ratio]]
== External links ==
== External links ==
*[http://economistsview.typepad.com/economistsview/2005/09/what_is_debt_mo.html What is Debt Monetization? When is it Automatic? Is it a Risk?]
*[http://economistsview.typepad.com/economistsview/2005/09/what_is_debt_mo.html What is Debt Monetization? When is it Automatic? Is it a Risk?]