Why would that happen? There’s no proof that printing money (while considering the boundaries of the real resources like available work force) automatically leads to hyperinflation.
Why would that happen? There’s no proof that printing money (while considering the boundaries of the real resources like available work force) automatically leads to hyperinflation.
I see what you mean, but this is not about having a strangle hold on the world or being the world’s reserve currency. This is about having your own currency and collecting taxes in this currency. As long as a country collects taxes in its own currency there will be demand for that currency.
Okay, but even if the USA can’t change the law regarding states bonds, it is virtually impossible that people stop buying US states bonds since the US Dollar is kinda like the most established currency in the world.
So your argument is completely theoretical.
Serious question? Money today is nothing more than a number in an account. When a country needs more of its own currency, it can increase it’s account by that amount.
Then stop selling bonds and start investing directly (build schools, repair bridges, pay your employees, etc.).
Countries don’t have to take the detour through state bonds because they can make money out of thin air. State bonds are a self-imposed and there’s no law of nature that mandates using them.
They seemed to think that tax revenue in some way has to happen for spending to happen.
Noo!
But the federal government creates money ex nihilo.
Yes!
Money has to be created before it can be destroyed through taxation.
Yes!!
We do not rely on the money of the wealthy. What matters is actual, real resources and services we can provide.
Yes, yes and yes!! ❤️
Thanks for your concise explanation of MMT! I wouldn’t be able to phrase it this well. ❤️
Public sector debt is private sector surplus.
Yes! This is the very essence of our monetary system that nobody seems to understand.
No, that is not true. That states sell bonds is a self-imposed rule.
As long as a state collects its taxes in its own currency there will be demand for that currency.
What’s with Lee Yeong-ae in her role as Lee Geum-ja in Park Chan-Wooks Lady Vengeance?
How is this a technical issue? Seems like your hard drive is working fine?
Everything I heard about cast iron pans was either “This is the hot shit!!” or “They are horrible to maintain and you can’t keep food in them overnight because it destroys the patina you built for weeks”.
Since I am lazy as fuck I’ll pass…
You obviously don’t have kids ! 😁 They are easily awake at 7 am but the time from 10 pm (thats when I am usually done with cleaning up for the day) to 2 am is mine. 🙃
The German “Sendung mit der Maus” made THE video explaining how dish washers work YEARS ago!
It’s amazing, watch it!
If you happen to be in Germany try Gustavo Gusto frozen pizza.
Nope it’s not you. I am using jerboa. When I click on the link it opens a furry post. When I copy the link and open it in Firefox, it opens the intended original post.
This is hilarious! What a beautiful, pointless discussion! I love it! 🤣
Lego only or are you open for alternative building bricks like CADA or bluebrixx?
I found that there are nice alternatives with attractive prices. But still an expensive hobby.
I’d love to use a Pi, but have yet to find one at anything close to MSRP, so I’m eyeing different netbooks that I can run Linux on.
I don’t know if Plex supports this feature but I’m running Jellyfin on a RPi 4B and Jellyfin support live transcoding for video formats that are not natively supported by the streaming client. Although RPi 4B supports hardware encoding of h264 1080p30, it performs badly.
So if you’re using live transcoding maybe opt for hardware with more oomph.
Oh lol yes! “Travel pussy”… I almost forgot. I wonder what was inside…
Folding@Home uses your computer trying to find new therapeutics by simulating protein dynamics.