Oddbean new post about login | logout I love MMT people. They are going to pump our #Bitcoin bags so freaking hard. I am now an MMT Accelerationist. https://v.nostr.build/7GLQv.mp4
The real answer to the question of why the government does not simply print all the money it needs is that by putting the money into circulation and then subsequently reclaiming it through taxation they maintain a floor in demand for the currency
All they're doing is impoverishing dollar holders and dollar wage earners, not enriching bitcoin holders. I don't see that as a cause for celebration. It is like witnessing a war and coming out personally unscathed, being relatively better off compared to the injured and killed, when before the war there were no casualties. You are not any better off from money printing. They are just worse off. You are committing a logical fallacy, and it's an insulting one. The only good aspect about this is that, perhaps, with insane inflation, people will lose their faith in the dollar sooner than they already would have.
Ackshually, I’m committing a “joke.”
dont joke about kevin's bacon
Eh, I didn't find it funny.
But the video was pretty damn funny I must admit
Clown show LOOOOOL
Central bank prints money to buy Government bonds, other assets, stocks, or bailout, etc. Simple buddy.
All Bitcoiners are MMT fiat maxis nostr:nevent1qqstfwl4wje229tdqnmxwtsahurl75mtp69x7xm608jzavlv6lx87scpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzp3yw98cykjpvcqw2r7003jrwlqcccpv7p6f4xg63vtcgpunwznq3qvzqqqqqqyqv7e9g
lol. It should be said though, it’s not a stupid question. Why do they issue debt rather than outright print fiat? The answer is, without the debt there are no slaves.
"Chair of the Council of Economic Advisors"
Please don’t be. More education is needed first. Peace > wealth
Breaking: bitcoin marketing department expands
I loved Saifedean's story about how it was always the engineering students in the econ classes who would question the BS. lol nostr:note1kjal2a9j552k6p8kvuhpm0c8lafkkr52dudh570y96e7e47v0apsc0hm4m
What is this from?
MMMT - More MMT.
I guess I always sort of assumed that the lizards "in charge" were sort of devious and evil. This evil would always find them choosing to act, when necessary, as incompete rather than intentionally corrupt. This video seems to contradict that notion. An "Economics Advisor" that can't articulate the most basic aspect of our debt-based, money-creation machine? I guess the lizards are a mixed bag, some are evil, some are puppets, and apparently some, like this Bernstein douche, are just plain retarded.
