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Joined 1 year ago
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Cake day: June 24th, 2023

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  • Doctors still do this, at least in Germany. When you’re a smoker and getting pregnant, your doctor will most likely not try to bully you into quitting, instead they inform you about the risks and recommend you to cut down the smoking to a minimum but they will also acknowledge that you will most likely not overcome your addiction while your body is already under a lot of stress.




  • Okay, but even if the USA can’t change the law regarding states bonds, it is virtually impossible that people stop buying US states bonds since the US Dollar is kinda like the most established currency in the world.

    So your argument is completely theoretical.



  • Then stop selling bonds and start investing directly (build schools, repair bridges, pay your employees, etc.).

    Countries don’t have to take the detour through state bonds because they can make money out of thin air. State bonds are a self-imposed and there’s no law of nature that mandates using them.


  • They seemed to think that tax revenue in some way has to happen for spending to happen.

    Noo!

    But the federal government creates money ex nihilo.

    Yes!

    Money has to be created before it can be destroyed through taxation.

    Yes!!

    We do not rely on the money of the wealthy. What matters is actual, real resources and services we can provide.

    Yes, yes and yes!! ❤️

    Thanks for your concise explanation of MMT! I wouldn’t be able to phrase it this well. ❤️