Most people don’t want worthless currency. That is a concern for people that have anything now. I understand it’s not for you.
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Theory.
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And what does trading currencies have to do with this?
Which ones and what social programs do they have? Which ones are related to housing?
Is this why people still buy U.S. bonds?
Like mainstream economics?
You mean they don’t have extreme concentration of power and oligopolies?
If you don’t think China has had an extreme concentration of power going back to the dynasty eras, i don’t think anyone can help you.
Or do you mean they don’t use their power to oppress other countries like Tibet?
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I’m not sure I follow. You bitch about how the U.S. doesn’t MMT, then wonder why people buy bonds? You understand how ridiculous that is, right? That’s like bitching about how some people don’t follow exercise routines designed for residents of retirement homes, then wondering why people who squat and deadlift tend to be much stronger.
People still buy bonds because of it’s safety. If they felt the currency was worthless or not safe, like you, this wouldn’t take place.
This is also why you are all alone in your support of MMT. You understand that you’re arguing in circles, right?
When did I say that?
From one of your posts.
Most people don’t want worthless currency.
MMT is the reason for it’s safety. Debts in the U.S. dollar can always be paid-thus it’s safety. All brought to you by MMT
Such as if a country issues too much currency and devalues it…
As presented by an equally valid (compared to MMT) economic theory:
What Is the Quantity Theory of Money: Definition and Formula (investopedia.com)
But they still sell bonds w/o much of a problem, why?
Fuck. You are even dumber than I thought. And that’s amazing.
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But hey, you never said that, right?
Because they don’t print currency to the level MMT “allows” them too…
The economy has tanked since injecting $4 Trillion into it during the pandemic. In response, the treasury pushed bond rates higher to encourage people to buy securities in the treasury - trying to course correct the relative value of the dollar:
10 Year Treasury Rate - 54 Year Historical Chart | MacroTrends
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Also - you conveniently ignored the post about concentration of power in China…
Because it doesn’t fit the narrative you want to sell.
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Really, why didn’t it tank on all those trillions that have been injected in the economy because of the wars and bailouts?
No, I didn’t see it. Will look for it.