Modern Monetary Theory: A Primer

Who fucking cares about Fitch? This downgrading is an absolute garbage argument

Just keep ignoring their GDP growth to make yourself feel better and keep the myth in your mind alive.

And where was their GDP growth 25 years ago?

Oh yes it does.

Who competes with Amazon for online business?

Because he is a billionaire, somewhat of a celebrity and has a soft spot for others who suffer and even die because they can’t afford the medication. He sees the price gouging and offers meds for much cheaper as the bottom line isn’t the most important thing. In this area he has no competition for the meds he offers.
The American car market couldn’t keep up with the Japanese for several reasons. One is KEIRETSU, another being the Japanese made more affordable cars that weren’t gas guzzlers. This became more apparent in the 70’s with the oil crisis.
And what other companies besides Apple and Microsoft are extremely competitive in the computer and software dept.?

Their GDP growth is nearly triple ours.

Gee can this not materialize in another economic system.

I know where I stand. You only believe you know everything.

The things I design and work on are responsible for literally thousands of jobs. What value have you brought leeching off the system like a parasite?

So does communism but the oligopoly and the government are the same entity.

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Literally every single e-commerce store. You can’t be a real person.

So Pharma is not an oligopoly then. Thanks for proving this point.

So not an oligopoly, thanks.

Asus
Lenovo
Adobe
Samsung
Nvidia
Google
AWS

Should I continue?

So?

And that make 12>19 how?

Not one that’s free.

Again, you can’t be a real person.

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AI is no longer this idiotic…

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If our trader here really traded, he would at least have had the foresight to look up Nvidia given the aggressiveness of this current AI war. I got a tip from a COVID swabber. Wonder what he trades in.

Tbh it’s a little scary…

Simple prompt; No context; GPT3.5 generated rap battle between Trump and Bernie on MMT:

"(Please note that this rap battle is purely fictional and does not represent the actual views or opinions of Donald Trump, Bernie Sanders, or any real-world individuals.)

Verse 1: Donald Trump

Yo, it’s the Trumpster, the master of the deal,
Here to school Bernie, and make his dreams unreal,
He’s talkin’ 'bout MMT, like it’s a saving grace,
But let me tell ya, it’s a socialist embrace.

Verse 2: Bernie Sanders

Hey there, Trump, it’s Bernie on the mic,
Your Wall Street buddies got you wrapped up tight,
MMT ain’t about socialism, it’s for the masses,
To fix the economy and kick out the rich classes.

Verse 3: Donald Trump

Bernie, Bernie, Bernie, you’re a socialist dreamer,
Your MMT plans will make our debt grow steeper,
Printing money like there’s no tomorrow,
Inflation’s gonna hit, bringin’ nothing but sorrow.

Verse 4: Bernie Sanders

Trump, you’re a conman, selling snake oil,
Your trickle-down economy’s for the spoiled,
MMT invests in people and infrastructure,
Unlike your tax cuts that just caused rupture.

Verse 5: Donald Trump

I built a booming economy, best in history,
Cutting regulations, setting businesses free,
But you, Bernie, with your MMT schemes,
Will turn us into Venezuela, bursting at the seams.

Verse 6: Bernie Sanders

Venezuela? That’s your best defense?
Fear-mongering tactics, no common sense,
MMT’s about investing in our nation,
Not corporate welfare and greed’s inflation.

Verse 7: Donald Trump

You’re a radical, Bernie, with pie-in-the-sky dreams,
But let me tell ya, it’s not as easy as it seems,
MMT will lead us to fiscal disaster,
I’ll keep America great, while you’re just a blabber.

Verse 8: Bernie Sanders

Your greatness was a sham, a reality TV show,
While I fight for the working class, you only care for dough,
MMT is the future, it’s time to be bold,
A system that works for everyone, not just the gold.

Outro:

Donald Trump: You talk a big game, Bernie, but it’s all talk,
Bernie Sanders: I’m fighting for the people, not just for a stock,
Donald Trump: MMT or not, my legacy’s secure,
Bernie Sanders: The people will decide, and our vision will endure.

(Crowd cheering and applause)

Remember, folks, this rap battle is just for fun and entertainment, but it touches on the different perspectives and arguments surrounding Modern Monetary Theory (MMT). It’s essential to research and engage in deeper discussions to understand the complexities of economic policies and their potential impacts."

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Alright, I don’t buy the trader story. There’s no way anyone who trades is this confused about China’s economy. Zero.

Supposedly currency.

*Shit is just hilarious, no joke, I was just looking at something like $2.5m in YTD July software spend zero of which was related to Microsoft or Apple. My guy thinks no one sells anything unless they’re in the Fortune 500.

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What am I confuse about? That China’s GDP growth is much better than that of the U.S.

Ahhh no, don’t trade stocks.

No doofus. Who does business like Amazon dickface? You know exactly what I mean but have to pretend so you don’t get made a fool of. Of course most people in the business of selling a product has an online presence but do they compare to Amazon? Man, all one can say is that you are one insufferable asshole.

OMG. What kind of idiot are you? Just a useful one. Trying his best to defend the status quo and failing miserably. Does Cuban work for and buy the FDA for protection., like Big Pharma does? Because there are people trying to disrupt this absolute system of greed doesn’t mean that it is still not an oligopoly. What would you call this industry prior to
Cuban?

Do ANY of these companies have a market share comparable to Apple o Microsoft?

It means they are gaining on us.

And you know this because…

What is your criteria for a loser?

Ahhh no was mentioned in the original post right below the statement where I forgot to type growth. But you decided to cherry pick to score a point.

So the other things wouldn’t have been capitalistic?

And why do you think that was chosen?

Kinda like your ideology.

I don’t have a boss, I make my own hours(my time is mine) I donate money and time, I attend protests that I believe in. What have you done?

And who are the leaders? The politicians or the corporate donors who control them?

Lots of businesses you fucking retard.

Imagine being you and typing this.

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See above post. Literally help provide jobs for others so they can feed their family. For example, let’s say I design a pump. I now have to have someone bid out for that item (job 1), another company then agrees to make the item (multiple jobs there), that company then bids out the lower level components to other companies (more jobs), etc. Just one order for something I made recently has two full man-years attached to the work.
I have significantly more education than you. Raising a family.
I also donate money and time - that isn’t an accomplishment, that’s just being a halfway decent human being. And unlike you, I use my donated time to actually teach (mostly kids) real lessons about science and mathematics.

Attending protests is not an accomplishment. It’s simply a sign you disagree with something.

Again, not an accomplishment. Most people don’t actually care that they have a boss. Your idea here is a solution looking for a problem.

Because you’re an insufferable ass who nobody wants working for them and you have no skills to actually do something like lead a non-profit organization.

Again, you have not provided any possible insight into what you think my ideology is. Shallow and vapid answer - as usual.

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You.

Both. I think we have all made that pretty clear.

Also, when you are a professional and actually have skills and knowledge people want - having a boss is pretty irrelevant.

It is hilarious he uses this as a metric for his “freedom”. Having a lot of money is actually freedom and he missed that boat.

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