With 34 hydropower turbo-generators, the power station has a total installed capacity of 22.5 gigawatts and a designed annual power generation capacity of 88.2 TWh.
What if all the SNAP recipients had enough income to buy food without subsidies? Ik crazy idea. Paying them more would also be just as effective for "farmers" and the economy as spending whether private or government creates income.
Also, capitalism has involuntary unemployment, there simply isn't enough jobs for everyone to be employed no matter how hard an individual tries and no supply side bs like upskilling will fix that. Only a full employment policy can.
And even voluntarily unemployed should be provided with food if they can't afford it.
Ikr, the first people the Trump-II regime went after were anti-Zionist permanent residents and non-citizens, not those who criticized the U.S. Gov. Puppets have leeway in doing crimes on U.S. soil, but none are comparable to Israel.
Yea isn't Israel kinda unique over other fascist projects in how long it has lasted. For example, Nazi Germany lasted just over a decade and first 1-2 years were dismantling whatever 'neutral' institutions existed. Israel has had multiple generations of children growing up learning fascist propaganda.
Yes, hoarding is deflationary. It's a leakage of demand. It's why tax payments by billionaires have less real economic value than tax payments by workers who have higher propensity to consume.
But there is an alternative, remove all the electronic entries held by billionaires by way of tax.
Then spend in a way that doesn't cause inflation for example, a universal right to employment at minimum wage. Even the inflation part is exaggarted since capitalism esp it's neoliberal form is a demand constrained system.
I think one of the major issue would be Danish Krone's peg to the Euro. It has been bound on external surpluses and to lesser extent fiscal surpluses, if one or both goes away the fixed exchange rate will see pressure, and a break in the peg (esp given open capital account) would be quite a shock for the economy.
I do think Platner is not who he says he is, cannot be trusted but wtf is going on here. This MSP Account has been showing up on my feed, I thought it was a local newspaper but they are not?
Obviously he is wrong, it's a country with 46 million people, with vast resources, exploited by the U.S, run by its puppet and under crippling foreign currency debt. Instead of making it so they no longer have this debt, he wants to bail out domestic and foreign capitalists. I hate that people frame it as America prioritizing Argentina over Americans, this is wrong, that is something which only applies to Israel and to much lesser extent other Western nations, only Israel (and few others) get completely unconditional transfers.
Only if you qualify it as a service worth $300T lol. But really though I don't think it can even be classified as a transfer payment since the IOU is worthless to the issuer.
The joke about economists asking each other to eat dogshit does increase GDP if you qualify eating dogshit as a service. It's why the inclusion of services in GDP is very questionable because of how difficult it is to measure.
Another example would be healthcare, in the US Healthcare is measured in GDP at price you pay for the final service so you get a bloated GDP. In other countries with universal Healthcare it's not directly measured and the sector itself is measured at factor cost (wages, equipment etc).
Yet another one, bank charges eg overdraft fees are included in GDP as a service even though it's closer to a direct tax than a service.
Only if you qualify it as a service worth $300T lol. But really though I don't think it can even be classified as a transfer payment since the IOU is worthless to the issuer.
The joke about economists asking each other to eat dogshit does increase GDP if you qualify eating dogshit as a service. It's why the inclusion of services in GDP is very questionable because of how difficult it is to measure.
Another example would be healthcare, in the US Healthcare is measured in GDP at price you pay for the final service so you get a bloated GDP. In other countries with universal Healthcare it's not directly measured and the sector itself is measured at factor cost (wages, equipment etc).
Yet another one, bank charges eg overdraft fees are included in GDP as a service even though it's closer to a direct tax than a service.
This is yet another form of debt, but that massive accumulation of pesos immediately becomes a ticking bomb
A future admin could freeze those pesos or prevent US Treasury from selling it for Dollars (i.e. capital controls), since its held at the BCRA (or through a BCRA authorized commercial bank). Or it could set its own exchange rate, like what Iceland did, which acts as a penalty.
In response, the U.S. could threaten sanctions. But still, when its your own currency you can freeze it.
