Post #4335507

@codinghorror@infosec.exchange I try not to "reply guy" to everything like this with MMT. It is a struggle so I'll use my allocated one this quarter on you. I have been reading the literature, listening to the MMT podcast. The basic gist is that any country that issues it's own currency can always afford anything in that currency. They don't spend what they collect in taxes, they spend what they spend and that CREATES the money. The taxes are to a) reduce the money supply and b) create a need for the currency. Anything arms of the US government say is too expensive is something the various players don't want to spend money on. As noted, if they want to bail out the banks to the tune of a trillion dollars it just happens with almost no debate. If they want to bomb a country, it just happens. Only things that benefit the masses generate this hand wringing fiscal conservatism.