MMT: The US government does NOT have to add taxes to add spending

[TECSHARE]

^Learn MMT
https://www.cnbc.com/video/2019/03/01/stephanie-kelton-explains-modern-monetary-theory.html

I'm glad MSM is starting to give MMT some exposure.  Most people understand "basic economics" which actually makes them misunderstand the economics of a government with sovereign debt.  Venezuela's debt was not sovereign and was owed in currencies they do not control.  Venezuela does not apply.

There is nothing to learn. "MMT" is just a re-branding of the same broken system we have been using since 1913. Suggesting we keep doing the thing which is already breaking the economy is showing down right mongoloid levels of comprehension of economics. The government can print money forever, but it can not maintain a usable fiat note or functional economy while doing so perpetually. Eventually supply and demand become more powerful than your idiotic top down centralized control command economy as hyperinflation takes hold.

[coins4commies]

No one ever said nor implied the government could "print money forever".  That is why you need to learn MMT.  You just made it clear that you have a fundamental lack of understanding of what it implies.  No it did not exist in 1913.  We didn't even have fiat until 1971.  Please watch that video at the very least because MMT is probably part of the economics you have forgotten.

[TECSHARE]

No one ever said nor implied the government could "print money forever".  That is why you need to learn MMT.  You just made it clear that you have a fundamental lack of understanding of what it implies.  No it did not exist in 1913.  We didn't even have fiat until 1971.  Please watch that video at the very least because MMT is probably part of the economics you have forgotten.

Explain to me what about the words inflation and money printing do not describe MMT. We have had fractional reserve fiat since 1913. The ability to claim gold and silver was only phased out completely in 1971 making it 100% fiat.

[Spendulus]

No one ever said nor implied the government could "print money forever".  That is why you need to learn MMT.  You just made it clear that you have a fundamental lack of understanding of what it implies.  No it did not exist in 1913.  We didn't even have fiat until 1971.  Please watch that video at the very least because MMT is probably part of the economics you have forgotten.

This is nothing that a Nice Wall won't solve nicely.

[BADecker]

The government coins money. They are required to by the Constitution. But they are not required to NOT issue private banking corporations, like the Federal Reserve Bank.

So, government let the FED get going, and then promoted and used its operation. Why? So that they wouldn't be doing illegal, against their Constitution charter. And so that they could make as much fiat money as they wanted, and coax and trick people into using it as much as they wanted.

Enter Bitcoin, which the banks and the government are against, because it is destroying the control of government and banking people.

[TECSHARE]

https://www.zerohedge.com/news/2019-03-12/mmt-doesnt-work-because-currency-circulation-tiny-compared-our-debts

https://www.zerohedge.com/news/2019-03-13/gundlach-lashes-out-crackpot-mmt-used-justify-massive-socialist-system

https://www.zerohedge.com/news/2019-03-13/inflation-chart-explains-everything

[Spendulus]

https://www.zerohedge.com/news/2019-03-12/mmt-doesnt-work-because-currency-circulation-tiny-compared-our-debts

https://www.zerohedge.com/news/2019-03-13/gundlach-lashes-out-crackpot-mmt-used-justify-massive-socialist-system

https://www.zerohedge.com/news/2019-03-13/inflation-chart-explains-everything

Very true, but it's worth remembering that by no means all the deluded fools who think they can print money forever are socialists.

[TECSHARE]

https://www.zerohedge.com/news/2019-03-12/mmt-doesnt-work-because-currency-circulation-tiny-compared-our-debts

https://www.zerohedge.com/news/2019-03-13/gundlach-lashes-out-crackpot-mmt-used-justify-massive-socialist-system

https://www.zerohedge.com/news/2019-03-13/inflation-chart-explains-everything

Very true, but it's worth remembering that by no means all the deluded fools who think they can print money forever are socialists.

If I have learned anything about Socialists it is they almost never identify as Socialists (really Marxist). They always identify as the latest rebranding term to inject their ideology into things, because "it will be different this time." The sad thing is they usually don't even know enough about the basis for their own ideologies to identify themselves as Marxists.

[squatz1]

https://www.zerohedge.com/news/2019-03-12/mmt-doesnt-work-because-currency-circulation-tiny-compared-our-debts

https://www.zerohedge.com/news/2019-03-13/gundlach-lashes-out-crackpot-mmt-used-justify-massive-socialist-system

https://www.zerohedge.com/news/2019-03-13/inflation-chart-explains-everything

Very true, but it's worth remembering that by no means all the deluded fools who think they can print money forever are socialists.

If I have learned anything about Socialists it is they almost never identify as Socialists (really Marxist). They always identify as the latest rebranding term to inject their ideology into things, because "it will be different this time." The sad thing is they usually don't even know enough about the basis for their own ideologies to identify themselves as Marxists.

+1

Socialists always argue that 'that isn't what OUR socialism / communism / whatever is going to be like, we're going to do it differently.'

Yes, and that always seems to work out so well for you right. Communism has killed hundreds of millions of people, and if allowed to spread it will collapse entire nations.

[coins4commies]

Its a completely illogical argument.  Some bad people claimed an ideology therefore the ideology is at fault.  ISIS is islam, etc etc.  A lot of the people who hold these beliefs would never apply them to their own ideologies.  Christians aren't ever going to be summarized as terrorists or Catholics as pedophiles. 

[TECSHARE]

Its a completely illogical argument.  Some bad people claimed an ideology therefore the ideology is at fault.  ISIS is islam, etc etc.  A lot of the people who hold these beliefs would never apply them to their own ideologies.  Christians aren't ever going to be summarized as terrorists or Catholics as pedophiles. 

You are out of your fucking mind. Go home you're stupid.

[mOgliE]

Communism has killed hundreds of millions of people, and if allowed to spread it will collapse entire nations.

Nope.

Communism has never killed anyone. You yelling it every where doesn't make it true sweetheart.

[Spendulus]

Its a completely illogical argument.  Some bad people claimed an ideology therefore the ideology is at fault.  ISIS is islam, etc etc.  A lot of the people who hold these beliefs would never apply them to their own ideologies.  Christians aren't ever going to be summarized as terrorists or Catholics as pedophiles.  

ISIS is a tiny minority of those executing terror attacks in the name of Islam. Since, 9/11, there have been 34,741 Islamic terror attacks.

In the last week, how active were Islamists?

Mar 09, 2019 - Mar 15, 2019

Attacks   25
Killed   149
Injured   91
Suicide Blasts   2
Countries   12

www.thereligionofpeace.com

The reasons why Christians are not summarized as terrorists is because they are not the same. Just taking one random atrocity -

Mar 19, 2015: Kabul, Afghanistan
A young woman is beaten to death by a mob after being
falsely accused by an imam of burning a Quran.

[squatz1]

Communism has killed hundreds of millions of people, and if allowed to spread it will collapse entire nations.

Nope.

Communism has never killed anyone. You yelling it every where doesn't make it true sweetheart.

https://www.usatoday.com/story/opinion/2018/05/05/karl-marx-communism-death-column/578000002/

https://en.wikipedia.org/wiki/Mass_killings_under_communist_regimes

https://www.cato.org/publications/commentary/100-years-communism-death-deprivation

https://www.wsj.com/articles/100-years-of-communismand-100-million-dead-1510011810

Communism has killed millions, estimates are around one hundred million actually! Communism kills buddy.

[Spendulus]

Communism has killed hundreds of millions of people, and if allowed to spread it will collapse entire nations.

Nope.

Communism has never killed anyone. You yelling it every where doesn't make it true sweetheart.

https://www.usatoday.com/story/opinion/2018/05/05/karl-marx-communism-death-column/578000002/

https://en.wikipedia.org/wiki/Mass_killings_under_communist_regimes

https://www.cato.org/publications/commentary/100-years-communism-death-deprivation

https://www.wsj.com/articles/100-years-of-communismand-100-million-dead-1510011810

Communism has killed millions, estimates are around one hundred million actually! Communism kills buddy.

Possibly there is an argument that this is seen in the practical implementation of communist ideals, and not in the theory. However we in the real world must deal with the practical implementation of a concept. That's the process of learning. Try something, see what happens, try something different.

[coins4commies]

The problem is that the word is being used to describe something completely different than its definition.  Its not just practice vs theory.  The "practice vs theory" argument in the last post would be valid if someone attempted to remove the state, class, and money from society and it resulted in millions of deaths but we all know that isn't what happened.

You can't use a totalitarian state as a practical example for what would happen in a stateless society.   The two are literally the opposite.   "Firefighters" showing up to your home with gasoline and matches just to torch the place wouldn't mean we should never try using firefighters. 

[TECSHARE]

The problem is that the word is being used to describe something completely different than its definition.  Its not just practice vs theory.  The "practice vs theory" argument in the last post would be valid if someone attempted to remove the state, class, and money from society and it resulted in millions of deaths but we all know that isn't what happened.

You can't use a totalitarian state as a practical example for what would happen in a stateless society.   The two are literally the opposite.   "Firefighters" showing up to your home with gasoline and matches just to torch the place wouldn't mean we should never try using firefighters. 

^ How you think it works ^

V How it actually works V

https://youtu.be/vHjT2BKYn-s?t=45

Everyone just ignore the fact that the process of creating a stateless society literally creates the conditions required to create a totalitarian state. It doesn't matter because that isn't what they intended! It will be different this time!

[mOgliE]

https://www.usatoday.com/story/opinion/2018/05/05/karl-marx-communism-death-column/578000002/

https://en.wikipedia.org/wiki/Mass_killings_under_communist_regimes

https://www.cato.org/publications/commentary/100-years-communism-death-deprivation

https://www.wsj.com/articles/100-years-of-communismand-100-million-dead-1510011810

Communism has killed millions, estimates are around one hundred million actually! Communism kills buddy.

Nope.

Those aren't communist countries those were dictatorship.

Communism has never killed anyone because as soon as it has been implemented it has led to dictatorship.

Now the question is "can communism be implemented without falling immediately into dictatorship?"

Just stop spreading ideological lies because it suits you.

[Spendulus]

The problem is that the word is being used to describe something completely different than its definition.  Its not just practice vs theory.  The "practice vs theory" argument in the last post would be valid if someone attempted to remove the state, class, and money from society and it resulted in millions of deaths but we all know that isn't what happened. ....

once upon a time "automobile" described Ford Model Ts. Today it describes automobiles such as we have today.

Today we use "communism" to refer to communism as it is today.

Duhhh!!!