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Started By
Message
re: Steve Forbes Offers His Explanation Why America Is Rocketing Toward A Financial Cliff
Posted on 5/10/21 at 10:54 pm to Ross
Posted on 5/10/21 at 10:54 pm to Ross
quote:
as long as a government has a monopoly on its currency and doesn't borrow money from another nation
Explain what you mean here.
quote:
it can print as much money as it wants with impunity and if inflation runs hot money can be removed from the economy via taxation.
Is this what MMT says?
0
Posted on 5/10/21 at 11:24 pm to Ross
quote:
Dogecoin doesn't have a use case, other cryptocurrencies do. It doesn't have a scarcity component, which is probably one of the single most important aspects to the dominant proof of work crypto operating in the same space as Doge, which is BTC.
What are the fundamentals behind cryptos in your opinion? What drives the majority of their value?
This post was edited on 5/10/21 at 11:36 pm
Posted on 5/10/21 at 11:54 pm to GumboPot
quote:
When someone says this they have to explain how interest rates have to go up.
If the Fed keeps buying treasury bonds to fund congressional spending that no one else will buy the interest rates will remain low.
Inflation will get out of control if interest rates do not rise in time. They will never be able to print enough money. It gets out of control. Every time this has happened in history it turned out very bad.
Posted on 5/11/21 at 12:56 am to LuckyTiger
Hell yeah! I wanna pay $1,350,000 for a loaf of bread! Hyperinflation be damned! Print moar money!
Posted on 5/11/21 at 12:59 am to LuckyTiger
The great thing about macroeconomics is that you can be wrong half of the time and still be respected in that field.
Posted on 5/11/21 at 2:52 am to LuckyTiger
They have to crash the system for the "Great Reset"
Posted on 5/11/21 at 8:01 am to obdobd918
It’s clear that the Fed has shifted its policy of controlling growth and inflation through interest rates that it has maintained since the last rise of inflation in the 1970s to deploying quantitative easing and stimulus injections.
They have become addicted to and dependent on low interest rates and printing money. This, coupled with massive spending, skyrocketing depth, and movement to a regulated economy makes for a dangerous road ahead.
They have become addicted to and dependent on low interest rates and printing money. This, coupled with massive spending, skyrocketing depth, and movement to a regulated economy makes for a dangerous road ahead.
Posted on 5/11/21 at 8:18 am to Ted2010
quote:
Hell yeah! I wanna pay $1,350,000 for a loaf of bread! Hyperinflation be damned! Print moar money!
When 51% of the population don’t really care that the bread is $1,350,000 because the government is printing that and handing it out in exchange for their vote, then the masses smile and say more bread please.
And the 49% are a permanent minority, watching a life of saving evaporate, and learn that personal responsibility was just a bad idea.
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