If you don’t have the resources and you create currency you will most likely cause inflation. No one says print as much money as you want.
So, what is your point when you post that clip?
To show you what a light-weight like Paul Ryan is pushing(your economic theory) and the verbal beat-down given to him by the Fed chairman(someone who is representing my economic ideology).
Ah. So, you have no idea what’s being said. Got it.
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And how did you brilliantly come up with that view?
Neither one even says anything. Paul Ryan asks a question, and Greenspan responds with something with which Ryan agrees. There’s nothing to the clip. If there’s more, you can post it.
Of course the question is how you produce things. Production requires investment. Investment is discouraged by inflating currency.
God how stupid can one person be? Paul Ryan is teeing up a question, with the hopes that Greenspan will agree. When he doesn’t and comes back with the opposite answer Ryan wanted the jig was up. Poor Ryan trying to get his donors another place to steal from the public and his theory(hopes) were dashed by Greenspan. So glad that D-bag is gone. Ryan only nods his head he is obviously disappointed, not agreeing. Learn to read the room, dumbass!
Yeah. Maybe Ryan didn’t know that we can print as much cotton/linen as we want.
By the way: Economics is always about dealing with scarcity. Your solution to scarcity of resources is to print more cotton/linen with faces. Printing more currency discourages investment and production.
Which resource are you saying is scarce?
All of them. That being said, you clarifying that you have absolutely no economic knowledge has ended this conversation.
What’s the definition of scarce?
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deficient for demand.
That is good because you can’t explain anything you claim. So the only thing left to do is run and hide.
Well there goes fixing our crumbling and embarrassing infrastructure because there isn’t enough steel and concrete.
Paul Ryan and Quantitative Easing!
What simple time with small problems that was.
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And you forgot, what a simpleton! Ryan that is…
Dude made (stole?) millions then retired at 50 with a fat pension. He couldn’t be entirely dumb.
No he was a good little boy who did the bidding of the elite. Selling out the working class to curry favor of the status quo. Absolutely no integrity. Just a piece of shit human, no matter the money!
Well, he is an Ayn Rand cultist.
Just the same as a piece of shit.