That’s not how modern monetary policy works, by the way. The US dollar has a ton of power worldwide for many reasons, so we determine what our money is worth, period. This is why every time the US government has spent money on “demand side” solutions (stimulus checks, etc.) they have provided nothing but upside.
This little trick that capitalists don’t want you to know about: it’s all bullshit. They want us to keep injecting cash into failing banks rather than just paying for people’s garbage mortgages.
We owe nothing to nobody because those debts will never be paid (who would they even be paid to?).
There is zero practical reason (beyond “oh no, billionaires and multinational corporations need to pay taxes wahhh”) that we cannot spend as much money as we like on every social program we like. Prove me wrong (or just read about “Modern Monetary Theory” as I’m not an economist).
For example, one third of population lived in poverty (in Greece) due to economic crisis. Is that not enough to take responsible money management seriously?
That’s not how modern monetary policy works, by the way. The US dollar has a ton of power worldwide for many reasons, so we determine what our money is worth, period. This is why every time the US government has spent money on “demand side” solutions (stimulus checks, etc.) they have provided nothing but upside.
This little trick that capitalists don’t want you to know about: it’s all bullshit. They want us to keep injecting cash into failing banks rather than just paying for people’s garbage mortgages.
We owe nothing to nobody because those debts will never be paid (who would they even be paid to?).
There is zero practical reason (beyond “oh no, billionaires and multinational corporations need to pay taxes wahhh”) that we cannot spend as much money as we like on every social program we like. Prove me wrong (or just read about “Modern Monetary Theory” as I’m not an economist).
Have you heard about what happened to greece?
For example, one third of population lived in poverty (in Greece) due to economic crisis. Is that not enough to take responsible money management seriously?