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ThomasMuentzner [he/him, comrade/them] to [email protected]English • 9 months ago

Whats your guess on when americans will figure it out ?

hexbear.net

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Whats your guess on when americans will figure it out ?

hexbear.net

ThomasMuentzner [he/him, comrade/them] to [email protected]English • 9 months ago
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  • davel [he/him]
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    7•
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    9 months ago

    This 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.”
    • metaStatic
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      5•9 months ago

      The people are in debt… to themselves

      • @[email protected]
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        3•9 months ago

        And as long as people have confidence in our currency, the debt we owe to ourselves really doesn’t matter

        • sunzu2
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          1•9 months ago

          This idiotic logic is how we got 34 trillion of debt and nothing show for it lol

          • davel [he/him]
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            1•9 months ago

            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.

    • Maeve
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      4•9 months ago

      Thank you.

    • @[email protected]
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      1•9 months ago

      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.

      • davel [he/him]
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        9 months ago

        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.

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