Sure. **** it. Peg it to BTC. Better than the monopoly money we have now that completely evaporates within 2 human lifetimes.
yes they need a bank account at the fed that automatically gets adjusted per the CPI. You're literally making my point! Thank you!!! The fed nominee biden wanted wanted this! But she got rejected by the lobbyists
China had its own stimulus plan right after the GFC modeled directly from the Keynesian textbook. It didn't work. The GDP rebound is deceptive in the face of historic levels of deficit spending and interest payments from our national debt (w/ principal unpaid). This isn't a matter of "austerity" or even a balanced budget. Framing it in those terms is like uncapping a fire hydrant to water garden plants and calling it "drought protection". A true recovery would at least put money back into our coffers but we're mortgaging our futures with an interest rate potentially double or triple a half a year ago. Are you a Modern Monetary Theory stan?
You and the 'let them eat cake' attitude sure are best friends. Forcing people to invest just retain their wealth (not even grow it) is stupid and actually immoral when you consider how badly it ***** on the other 95% of the world that can't do that.
When did I say that? I said if the government spends money the right way then of course deficits are totally okay. You do know that income inequality was literally at the lowest after we gave the child tax credit and stimulus checks? We cut child poverty in this nation by 50% by the monthly child payments. Inflation occurred because of supply chain disruptions and war in ukraine.
Lol. Standards of living have gone up despite, not because of, currency debasement. This is a tale as old as civilization itself. From glass beads to clipped coins, and on and on. This is a subject in which you really need to talk less and listen more.
You're not getting what I'm saying. Running deficits to just have them is effin stupid. Trump nd bush tax cuts equal to more than 3.5 trillion dollars. We give away billions in energy subsidies to corporations and have billions in tax breaks to hedge funds. My whole point is having deficits that invest in America like onshoring manufacturing and child tax credit which cut poverty in half is better ways to run deficits than tax giveaways to rich folks. Spending to just spend isn't okay and I never said it was. What @Space Ghost and other folks don't understand we already have corporate welfare right now.
Lol….. Great comeback. So you are just entitled and believe money shouldn’t change despite thousands of years of evidence otherwise.
Dub**** and "Deficits Don't Matter" Cheney kind of wrecked it all up. His tax cuts alone cost 8T. I'm sure folks can somehow justify why paying 475B to service interest payments is a good thing by bringing up cherry picked numbers. That seems like that could've been money spent on better things, but with this political climate, ****'it all and get yours now. Again, I can't blame Biden that much for the ball that's already rolling, though the gaslighting in the papers and agency is sickening and prolonged enough for them to believe their own garbage voodoo stats.
Are you seriously trying to argue that money should continue to be soft and inflationary because it always has been? What's next? Defending polio? People have always died of disease! It's natural!
You said currency debasement is what helped billions of people all over the globe. Currency debasement and credit lending is very two different things. FedNow launches this month. Congrats on getting your CBDC. This won't end the way you think it will.
I think it's more a problem of you not knowing what you're saying means. Exactly as @Space Ghost said, debasement and lending are two different things. You literally said inflation/currency devaluation is a good thing and has lifted people out of poverty. That is so insanely stupid and incorrect.
Lol….Another great rebuttal…. “Polio” I’m saying money inflates and deflates. We will certainly have deflation at some point. It’s inevitable.
Again you're always going to get some form of currency debasement with deficits so I'm not sure how they're different. You can't expect to run massive deficits without some form of inflation....doesn't take away from my core point that deficits are not bad as long as they are properly targeted
