1501
"...And MTG threw a tantrum on the way out. Win-win"
(i.postimg.cc)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 30 Sep 2023
1501 points (100.0% liked)
Political Memes
5417 readers
2304 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
founded 1 year ago
MODERATORS
Fine, let me grab you some of the sources used in one of these highly researched videos.
Books:
Articles:
Looks like you have a lot of reading to do. If only there were an easily digestible way to consume all of this information in a way that only had the relevant parts for our discussion.
Do just like to be an insufferable dickhead, or is this you being serious? Congrats, you learned what hyperbole means. Fiat currency is limited by the real economy. In the US, the real economy is trillions of dollars more than the federal budget. You'd know that if you watched those videos. The deficit is a myth, and the only real spending limit is the resources available to the government.
I lashed out in frustration with an insult, which wasn't appropriate. I'm sorry. I was frustrated with how my use of "infinite money" was taken literally, when you as an economist would know that nothing regarding the economy could be infinite. I'm still a bit irritated that your entire disagreement is based on pendantry.
"infinite money" was obviously hyperbole, for the record. They tried to make it seem like it wasn't obvious, but if they really couldn't tell then they were being oblivious.
This entire thing relies on the federal government having the ability to print money that is not backed by a commodity, and does not owe a significant amount of debt to another country. Taxes on the federal level literally don't fund anything (note that this is not true of local or state taxes). They exist solely to drive demand for the currency. Instead, the upper limit to government spending is the amount of resources and labor available to the government, which is several trillions of dollars worth more than the federal budget. This is what's known as the real economy. A single trillion is incomprehensible, hence why I called it "infinite money".
Do you know what a fiat currency even is? It seems like your mind is still stuck in the gold standard. I'm not going to get into your pendantic bullshit again.