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Joined 1 year ago
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Cake day: June 24th, 2023

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  • 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.



  • 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. ❤️










  • This is simply not true. I recently tried Linux for gaming after several years because I read that Valve made some great progress. Installed Crusader Kings III and didn’t get Paradox Launcher to run which is necessary for any DLC.

    This was literally the first game I installed from my huge library and it simpl didn’t work so I had to do two hours of research, trial and error and reading error logs to conclude that I wasn’t able to solve this problem.

    This is the exact reason why I use Windows for gaming. It simply works 99 % of the time. And I don’t have the time to troubleshoot my games all the time.