Posted on 05/03/2024 10:58:25 PM PDT by knighthawk
Isn’t this where the FED and it’s backers come into play? They make massive amounts from interest payments from money that we printed. Basically, it’s a handout to banks and the biggest transfer of wealth (given the inflation aspect of the printing) in the entire planet combined.
"Let me explain to you how this works. You see, the corporations finance Team America. And then Team America goes out and the corporations sit there in their, ih in their corporation buildings and, and and see that's, they're all corporationy, and they make money. Mhm."
He doesn’t need to know how it works - he’s only concerned with how it is distributed.
Doesn’t PedoJoe Biteme just go into the backyard of the White House and just pick some ‘leaves’ from the money trees planted there?
</sarc>
(Just added that comment in case any Dhimmicrats are having this read to them. We wouldn’t want to confuse them too much. Anyone reading this to a Dhimmicrat, please read S-L-O-W-L-Y, so they have a chance to understand.)
It’s simple libenomics. You have it, we want it. Give it all to us now.
Don’t sell yourself short dude. Judging by the end results, nobody else in the Biden admin knows either.
This guy took fake until you make it too far.
The US government does not print dollars. It sells debt.
Money is created when a promissory note is signed - promising claims on the future labor of the debtor - or claims on the future labor of others that the debtor happens to own.
The US government is the debtor when it comes to US Treasury securities. That becomes money at auction when the debt is sold.
In other words, US debt is bought with existing claims on the future labor of others.
It's when individuals and corporations take out loans (promissory notes) that money is created and the money supply increased.
I’m better qualified than this idiot. I, at least, understand the relationship between inflating the money supply and inflation and the need to reduce the dollars relative to the economy to bring inflation under control.
Just like the resident in chief
Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment.
Money therefore could be anything of value eg cotton, tobacco, cattle or goats.
This guy has been spouting economic mush for decades. Ask him what causes inflation. “High prices”, he says.
That’s like asking a doctor what causes fever and he tells you high body temperature.
Frauds in high places all around.
Poor Jared Bernstein. He’s as stupid as he looks
Money is stored labor.
The gover mint printing it money tree style is stealing from the private sector labor value.
15 dollar hamburger joint jobs did not fix it, they are idiots.
Doesn’t Thomas Sowell define it as a certificate given as a certificate in exchange for the value of labor delivered ?
Inflation is a tax. It is the most insidious and pernicious form of taxation.
The US government does not print dollars. It sells debt
I hear you and this sounds workwise.
But what about the deficit spending money that is given away in all the many many social gives me that programs?
Are these debts too and of so when do we get something back labor wise?
That trillion dollar platinum coin syndrome or just a money printing press?
Another way to look at it: money is an abstract representation of energy. All economic activity requires energy consumption. The way to get rich in a free market is by figuring out how to use the least amount of energy. Economics is really an indirect study of energy consumption. The gold standard in money is gold. The price of gold in any currency is on average about the total cost of energy to mine it. The price of labor also reflects the total energy cost over 18 to 25 years to develop it. As energy costs go up, quality of life goes down. The biggest energy consumer and least energy efficient sector of the economy is government. The real way to “go green” is by unleashing Elon Musk style management, laying off 80% of Demonrat-voting government workers on day one.
Milton Friedman isn't running the show anymore.
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