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that has been posted more times than I can count and they just ignore it.
no we know what MMT'ers say and every economic model out there says it doesn't work.
sure the US government can issue as much currency as it wants to, but doing so has consequences.
this has been brought to light by other countries that attempted to do this.
they tanked their currency and their economy.
the dollar has value based on the US government ability to be responsible and act in good faith.
that has been posted more times than I can count and they just ignore it.
So as long as people view us as responsible, and as the most stable economy on earth we can continue to push or limits, and if we push to far we can always back things off a bit. Sorry, but again you're failing to understand what you're being told.
No, you boys just fail to understand it each time. We can print unlimited funds. That is a fact. That doesn't necessarily mean it would be a good idea. What MMT are saying is that until we see actual evidence of these supposed negative consequences there's no rational reason to fear them. Furthermore even if we do begin to see these supposed negative consequences there is nothing preventing us from backing off. It's not like there is this cliff out there and once we drive off it we die. We can back up, until we find just the right balance.
No, it does not. It just forces you to demonstrate evidence of devaluation and inflation rather than simply running around like a chicken with your head cut off telling everyone the sky is falling.We understand it just fine it is right there in black and white.
That is not what mmt says. In fact as economic critics have pointed out it purposely ignores devaluation and inflation risks.
No it isn't, because we won't need drastic steps to fix it. If you can print a dollar than you can rip up a dollar. It's not that complicated.It is better not to cause the problem to begin with than to take the drastic steps to fix it.
No it isn't like backing off. Once the money is out here it is out there.
Not much can be done about it. The damage is done. To pull it back out is way harder.
No, it does not. It just forces you to demonstrate evidence of devaluation and inflation rather than simply running around like a chicken with your head cut off telling everyone the sky is falling.
No it isn't, because we won't need drastic steps to fix it. If you can print a dollar than you can rip up a dollar. It's not that complicated.
Secondly, MMT isn't really even suggesting we just go ahead and print money like crazy. It's just pointing out the reality that we can so you people stop freaking out about a deficit that's not all that important.
HAHA!!! Nope, sorry, but if you can create money out of thin air then there's no reason you can't destroy it just as easily.
We have done that, by doing it already. We did in fact print a lot of money, and we did in fact run high deficits during the recession. None of the predictions of inflation and devaluation that people like yourself made came true. MMT was proven correct.Since no one does that now you are wrong. You have to demonstrate that we can just print money.
First, again, nobody is saying that they don't matter at all, just that they're not a big problem, and that we have much bigger problems.It has also failed to show that deficits and debt don't matter.
Well if by need you mean demand, then you are correct, but demand for U.S. Dollars is still very high, and showing no signs of slowing down.it is all based on economic need not the whims of MMT.
Why not? The net effect would be the same total number of dollars we have today. If you think the number of dollars printed is so important than there should be no consequences at all.you simply can't just print 1 trillion dollars and issue it then destroy it without consequences.
The federal reserve controls the money supply for this reason.
they do this buying and selling notes as appropriate.
Only if you disclude the part of the warning that explains how it all happens with things like “market bubbles” being later triggered for the correction.None of the predictions of inflation and devaluation that people like yourself made came true. MMT was proven correct.
I agree but like what? because a lot of low priorities seem to be jumping the line.nobody is saying that they don't matter at all, just that they're not a big problem, and that we have much bigger problems.
7x increase since 1980, 2x inflation, 40% population growth….you honestly saying you believe the current economy is 5 times 1980 levels?we have already demonstrated that the current deficits and debt have not mattered.
The word you looking for is slightly better. "Austerity" btw of a less free system.We recovered faster and better than almost all of our Austerity favoring European friends.
Not reflected in market qualitative research. Why?We have full employment
Practice of advertising non existent jobs in a effort to mine for qualified applicants?and have more job openings available in this country today than at any point in history.
“Temporary or seasonal work” does appeal more to foreigner workers. True.In fact just today Trump had to allow 15,000 extra work visa's because he realized we don't have enough American workers to do the jobs that are available.
Because we are not facing enough supply pressure, yet….as long as people trust our credit we can continue to use the card. Does that make the problem better or worse?All of this despite our deficits and debt continuing to remain high.
Oh really? So tell me, do you know of a nation that went 120% debt to GDP without some kind of economic miracle like say an age of innovation and competitors devastated by a war?The only question is how much higher can they go before we start seeing negative effects, but given how high confidence currently is in our economy there's no reason to think we're close.
Driven by the fact there are few better alternatives or underlaying economic conditions?Well if by need you mean demand, then you are correct, but demand for U.S. Dollars is still very high, and showing no signs of slowing down.
Why not? Because money supply is suppose to reflect the amount of economic transactions and when it doesn’t the market is being manipulated and must at some point correct.Why not? The net effect would be the same total number of dollars we have today. If you think the number of dollars printed is so important than there should be no consequences at all.
The problem is no one seem to be trying to ever offset the manipulations. And we have harder times ahead adjusting to higher seniors and lower housing prices.So you agree with me that we're already doing essentially this exact same thing? What's the problem? Why is this so hard for you to understand?
Ahhh yes, the constant cry of the chicken littles.....Just wait for it....it's a coming.Only if you disclude the part of the warning that explains how it all happens with things like “market bubbles” being later triggered for the correction.
Oh really? So tell me, do you know of a nation that went 120% debt to GDP without some kind of economic miracle like say an age of innovation and competitors devastated by a war?
No worries, topics like these are why I come to debate politics. I enjoy when I get to spend a little extra time writing replies.Ahhh yes, the constant cry of the chicken littles.....Just wait for it....it's a coming.
I apologize as you appear to put a lot of time into you reply. I skimmed it, but this is the only thing I found worth replying to.
I wish more people did so…it a great way to put it in perspective although GDP should be tax revunue.Take the words nation, and GDP and replace them with Household and Income.
Absolutely and this is why in concept I agree with you. If you look at the assets of united states government, the flexibility and options she has to pay. She could tackle this mountain of debt, as long as it remains the kind of scenario your referring to where in that debt was an investment in future prosperity or absorbing a necessary loss. The problem I see is a deficit problem not a direct debt problem.It is perfectly normal for a household to accrue debt of much more than 120% of their combined yearly income. Hell just last year I was pre-approved for a $200k mortgage while only making a little more than $70k, and that's on top of the fact that I still had other student loan debt out there. That's more than 200% of my own personal "GDP."
The govt should never be running a surplus. All that is money that is being held out of the economy.
The government should only be using the surplus to pay off the debt.. until the debt is close to zero.