ThomasMuentzner [he/him, comrade/them]@hexbear.net to Asklemmy@lemmy.mlEnglish · 8 months agoWhats your guess on when americans will figure it out ?hexbear.netimagemessage-square64fedilinkarrow-up1141arrow-down112
arrow-up1129arrow-down1imageWhats your guess on when americans will figure it out ?hexbear.netThomasMuentzner [he/him, comrade/them]@hexbear.net to Asklemmy@lemmy.mlEnglish · 8 months agomessage-square64fedilink
minus-squaredavel@lemmy.mllinkfedilinkEnglisharrow-up13arrow-down6·edit-28 months agoThis graph gives the false impression that federal taxes actually pay for anything. Your Taxes Pay for Nothing Why The Government Has Infinite Money The Use and Abuse of MMT Finding the Money Alan Greenspan: “The United States can always pay any debt it has because we can always print money to do that.”
minus-squaremetaStatic@kbin.earthlinkfedilinkarrow-up5·8 months agoThe people are in debt… to themselves
minus-squareprotist@mander.xyzlinkfedilinkEnglisharrow-up3·8 months agoAnd as long as people have confidence in our currency, the debt we owe to ourselves really doesn’t matter
minus-squaresunzu2@thebrainbin.orglinkfedilinkarrow-up3arrow-down2·8 months agoThis idiotic logic is how we got 34 trillion of debt and nothing show for it lol
minus-squaredavel@lemmy.mllinkfedilinkEnglisharrow-up1·8 months agoWe have a fair amount to show for it (like over 750 overseas military bases), it’s just that very little of it is for the working class.
minus-squareMNByChoice@midwest.sociallinkfedilinkarrow-up2arrow-down1·8 months agoThought MMT was recently disproved. No sources. Thought the recent inflation showed it to not model things. It would be great if MMT worked though.
minus-squaredavel@lemmy.mllinkfedilinkEnglisharrow-up5·edit-28 months agoMMT isn’t a tool for modeling all of inflation’s factors. It’s simply a description of how sovereign fiat money works. Some people mistakenly (or knowingly, for disparagement or promotion) attribute things to MMT that it just isn’t.
This graph gives the false impression that federal taxes actually pay for anything.
The people are in debt… to themselves
And as long as people have confidence in our currency, the debt we owe to ourselves really doesn’t matter
This idiotic logic is how we got 34 trillion of debt and nothing show for it lol
We have a fair amount to show for it (like over 750 overseas military bases), it’s just that very little of it is for the working class.
Thank you.
Thought MMT was recently disproved.
No sources. Thought the recent inflation showed it to not model things. It would be great if MMT worked though.
MMT isn’t a tool for modeling all of inflation’s factors. It’s simply a description of how sovereign fiat money works. Some people mistakenly (or knowingly, for disparagement or promotion) attribute things to MMT that it just isn’t.