OpEd: The following information does not necessarily reflect the views of Appalachia Insider as an organization.
Appalachia Insider · June 28, 2025
**If We Can Print Money for War, Why Not for Doctors?
**What a conversation about nursing scholarships revealed about our broken priorities
This started during a conversation with someone I’ve known for years. Sharp guy, good intentions, and like most Americans, deeply shaped by what he’s been told about government, debt, and value. We were talking about his daughter, who had just received a scholarship to study nursing. He was proud, and he should be. She’d worked hard for it, earned it with her GPA and drive.
But when he said, “She earned it, unlike the people getting handouts,” that’s when the conversation shifted.
See, what he didn’t realize, and what most people don’t, is that her scholarship was funded by the same thing that pays for everything else in this country: fiat currency. It didn’t come from some savings account or from a fixed pot of tax revenue. It came from the U.S. government, which has the sole authority to issue dollars into existence. That money is created by vote, by law, by policy. The only difference in her case was that it came with a caveat: you had to earn it. But the source of the funds was still the same.
He paused. He hadn’t thought about it that way.
Then he asked, “But doesn’t that raise the debt?”
That’s where Stewardship Economics comes in.
Because under the current system, we treat debt like a household budget problem. But in a fiat economy, government debt is not like personal debt. It isn’t a burden passed down. It’s a measure of how many dollars have been spent into the economy that haven’t yet been taxed back out. It is a ledger, not a crisis. And the real question isn’t how much we’ve spent. It’s what did we get for it?
That’s the essence of Stewardship Economics. Value isn’t measured by restraint, but by return. Did the spending serve the public? Did it strengthen the nation’s capacity? Did it help us become more resilient, more equipped, more just?
Which brings us to the crisis we’re not solving: the shortage of doctors and nurses.
Across the country, we are watching healthcare systems buckle under the weight of demand. Emergency rooms are stretched thin. Entire counties, especially rural ones, have no access to basic care. Burnout among staff is through the roof. And the pipeline to replenish those ranks is shrinking, not growing.
Yet we have done next to nothing to solve it at the scale we know is possible.
Why? Because we’re still asking the wrong question. We keep asking: can we afford it?
Stewardship flips that: how can we afford not to?
If we can create hundreds of billions in military funding, if we can bail out failing corporations overnight, if we can absorb the cost of foreign wars and political agendas that do little to improve daily life here at home, then it’s not about affordability. It’s about choices.
We could fully subsidize the education and training of doctors and nurses. We could issue national service grants tied to rural practice or emergency care. We could cover housing for medical students, fund apprenticeships, and guarantee placement where care is needed most. All of it is possible.
The currency isn’t the constraint. We are.
What Stewardship Economics makes clear is this: money is a tool, not a master. And the power to create money must be matched by the responsibility to use it wisely. That means investing not in the abstract economy, but in the people who are the economy.
And that’s where our conversation ended.
Because when I asked him, “If we can print money for bombs, why not for healing hands?”
He didn’t have an answer.
And maybe that silence is the beginning of something better.
~CA