And how many scams are there in the “free market”?
Three thousand widgets were created last year, so $xxxxxxxx can be printed this year? Or do we guess how many widgets will be created this year and go ahead and print the currency ahead of time? How does it work? Can you explain?
And what of the money they paid into “entitlements”?
There are experts in this line of work that could obviously give us the best estimate.
Oh!!! < hand shooting up> Pick me! Pick me!!
< @castoli711 picking me>
That wasn’t really money and wasn’t paid into anything!
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So, we would go ahead and print the currency and hope for production to match it?
Now you are beginning to get it.
Like I’ve said before D-bag. There are people who study this shit. Hope is what we would do if you or I were determining that amount.
And sliding into home base. Modern Monetary Theory explained - YouTube
And for those who would rather read. I got something for you. https://neweconomicperspectives.org/
This is the same person that claimed to have MS, just saying.
Was that the disease? I’ve mentioned this to newer folks multiple times, but I couldn’t remember the exact disease. I believe he has it. It explains his clinging to MMT and anything else he thinks can help him.
If it’s true, MS is horrible so that really sucks and I understand the desire to change the healthcare system (I deal with diabetes and navigating insurance is a giant pain in the ass).
Also since he is self employed he doesn’t get the benefits of large employer group insurance, while it s shitty it’s better than going it alone in the market.
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I believe we have really expanded the definition of this term…
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Scams?
Don’t be a fucking retard and plan your own retirement or keep working.
SS is a joke. I won’t even see a fraction back from what I will pay into that Ponzi scheme. WHICH IS YOU GUESSED IT RUN BY THE GOVERNMENT THAT COULD NOT RUN A BROTHEL WITHOUT BANKRUPTING IT.
But yes, by all means give them more of our money to piss away.
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I watched the video to humor you here.
The two scenarios outlined are both idealistic and one can tell these examples were thought up by pure academics who have never participated in the economy.
Also, the taxation explanation for MMT remains BS. In todays age, why shouldn’t there be a whole scale revolution to cryptocurrency?
You think companies like Amazon, alphabet, Apple and Blackrock would pay taxes if they could figure out a way not to?
Amazon still paid 2.1 billion in taxes last year before you come saying they didn’t pay anything.
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No, production magically increases with money injection you silly clown
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Damnit. I knew I should have read every article on the second link @castoli711 posted, before responding. Thanks for explaining how the economy works; Professor @castoli711 never gives me a straight answer…just riddles.
Ya, it was MS and if he has it he’s had it for longer than most people…
*I take that back, seems life expectancy is higher than I thought.
**Still don’t believe him
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And of course you think the Fed. budget works like a personal. While all the ignorant clowns you follow have been talking about the U.S. bankrupting itself for decades and have been proven wrong every time. It’s plain to see you’ve bought the bullshit hook, line and sinker. Pat yourself on the back for being a good little foot soldier, then make a comment about your material success. As if the two are linked.
WTF are you talking about? You know nothing of me. Like claiming I live in my mom’s basement. She passed almost 12 years ago.