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However, the conventional wisdom of central bankers is that this is inflationary. So, what they force governments to do is to issue debt to foreign or domestic creditors. If the government sells debt to domestic creditors it drains money away from the economy. Which is why a "fiscal stimulus" package funded by selling bonds domestically is taking money away with one hand to return it with the other. Unfortunately this is what some governments are doing. En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
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