Current inflation has also been caused by corporations using inflation as an excuse to raise prices. No shortages needed.
WTH are you even talking about? Do you even know?
I find it amusing that people use this term for a currency that has no intrinsic value.
Has this happened in the U.S.?
And where are the taxes increased?
Are worker co-ops controlled by the State?
Oh you mean like the 2 Harvard economists Reinhart and Rogoff where they claimed that a GDP to debt ratio of 90% is the tipping point. Now the U.S. is around 125% and Japans almost twice as much. Hmmmmmm… Two Harvard professional economists put a number down and wee completely wrong.
Don’t worry about this as Powell has this under control. His plan of making sure people lose their job to get inflation under control is well underway.
So are you trying to say MMT has no mechanism to control inflation? It seems like the current system you champion is doing a great job thus far.
And yes, why would I start an organization when there are others that already have been started and are much deeper and advanced in the subjects that resonate with me? For example, Steve Grumbine has a non-profit for progressive issues and MMT happens to be a main one. Why would I start a non-profit that has MMT as a progressive focus when he is far more advanced in his understanding of the subject? Makes no sense.
But you see this requires one to think ahead and that is not your forte’.
And the exponential spending by the government has nothing do with it???
Keep living in your fantasy world.
You stated how do you destabilize a currency with no intrinsic value. So I made the counter point that if you can’t destabilize a currency like that BitCoin would be the most stable thing in currency because it is the literal definition of currency out of nothing.
But again, your brain could not follow - everyone else here got it.
No I said it had a bad mechanism with no constraints on that method.
Doesn’t nullify the fact it may happen. Again this has all been discussed.
Holy fucking shit. It’s putting your money where your mouth is. Like many, you want all the benefits of this leftist utopia without putting in any work to make it happen. Which is why a leftist utopia will always fail. It is predicated on the backs of morons who want free shit.
You are the definition of hypocrisy. You gain money purely through a system you hate (so an active participant) and then rage against it while refusing to do any work to achieve what you supposedly believe in. Not surprised your lazy ass got fired.
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Just like you thought ahead of be “successful” or your definition of “educated”. There are 50 people in this thread and none of them agree with you. The problem ain’t us dumbass.
Lmao, how’s Marxism going?
You sit on your twat and sell currency. Again, lmao.
Unbelievably dumb.
Even dumber.
The dumbest.
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The constraint as always has been resources, not printing money.
I used the word that you all used, devalue. Bitcoin is not stable as it is not accepted by the majority of people for payment.
Is taxation not a means of mitigating inflation? Our current system uses the raising of interest rates-making money for the rich-and throwing millions out of work as means to mitigate inflation. Talk about bad mechanisms.
Yeah, someday, someday. But that day never comes. So you can always use that argument in perpetuity and never be wrong.
Where do they have Marxism? In unions, worker co-ops?
Again you equate someone living in a country that has a particular type of economic system who actually makes money to survive as hypocritical because he does so in the system he speaks out against. Good Lord!
I can at least try. You believe in this shit system, I do not. And if you don’t believe in it, don’t you think you ought to at least try and change it for the better?
wHeRe dO tHeY hAvE mArXiSm? Shut up.
Castoli “I produce absolutely nothing. I make nothing. I do not provide a service to others. I literally survive off currency volatility. Under socialism I’d starve to death since I contribute nothing to society, but under capitalism I get to eat because I bought and sold Yuan at the right time.”
Also Castoli “Capitalism is dying”
Absolutely ridiculous. How you don’t see how absurd you are is mind-boggling, but that’s Zep for you.
I bet you do think starting threads on a bodybuilding forum is trying to change the system.
I said while posting on a free forum supported entirely by supplement sales. Critical thinking is not my forte.
-Castoli
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All of your “information” comes from a platform (YouTube) that would almost certainly not exist without capitalism.
Lmao, never change.
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Surely, you don’t believe this guy makes money trading currency, right? He has no understanding of either currency or the economy; if he’s making money doing it, the rest of us are stupid for not doing it.
This is what everyone has been telling you for years. You can print basically unlimited amounts of currency, but that only makes the prices of the limited goods rise.
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If you don’t believe, then why do you keep using it and living off if it…total hypocrite
I suppose that is true.
The problem is you’ve internalized the propaganda and are completely indoctrinated. Just like I once was but have broken out. You are still stuck.