US government will run out of money by October 18, Treasury secretary says https://t.co/p41AQq8sya
— CNN (@CNN) September 28, 2021
ITT: people talking about muh reeefence budget, twitteroids, "print more" bait, "tax the rich", cryptobros , poorcels
Okay the US government prints more money when it runs out but when I do the same thing I get thrown in jail
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Oh, ffs, this is just another debt ceiling scare. The debt ceiling is worthless, regardless of your economic orientation.
Edit: for all the dipshits saying brrrrr, this is a fiscal limitation, not a monetary one. The debt ceiling is a useless legislative relic.
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Debt is money. The eternal merchant strikes again
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Debt to be collected is accounts receivable. Accounts receivable and cash are both assets, but they are not the same.
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40% of US dollars in circulation were printed last year.
You can’t just keep printing money and not seizing some of the wealth back from the 1%. Land tax (Georgist FTW. Landchads BTFO) is a great option that would frick over a lot of the billionaires.
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Hi, Guh! Landlord here. Due to increased costs of operation, we have no choice but to raise your rent by 20%.
Remember, rent is due at the end of each month. Pay up, wagie!
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First and foremost, the debt ceiling has frickall to do with M1 or M2. It's a bureaucratic checkbox. Thanks for playing.
And it's resulted in 4 months of ~5% inflation that's already beginning to taper off. That's a pretty good indication that we're in new territory.
There are many ways you can "print". Be more specific.
Why are you bringing up M1 if you're worried about asset prices? Where were you a decade ago?
Georgism is spiffy, but it's far too limited to address wider monetary issues.
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You don't do the shopping at your house, do you?
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cope
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Shut your whore mouth Ke*nesian
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Lmao it's there because Republicans refuse to get rid of it, it's a hostage they take when they want to start shit.
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