re: Until Biden schooled us last night, how many of you knew our economy was kicking arse....

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T-boy is bragging about the investor economy which is booming because its built on debt.

Actually, you are ignoring reality.

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Not at all. Youre bragging over making money when the federal govt is subsidizing your wealth

The economy since 2000 has been built on debt.

Its the Bush/Obama/Trump/Biden economy and its called Modern Monetary Theory.

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Modern Monetary Theory (MMT) is a heterodox macroeconomic theory that describes currency as a public monopoly and unemployment as evidence that a currency monopolist is overly restricting the supply of the financial assets needed to pay taxes and satisfy savings desires12.

According to MMT, monetarily sovereign countries, which spend, tax, and borrow in a fiat currency that they fully control, are not operationally constrained by revenues when it comes to federal government spending2. In other words, such governments do not rely on taxes or borrowing for spending since they can print as much[ money as they need and are the monopoly issuers of the currency

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