Message from @Mr. Dr. Professor. Vaughn
Discord ID: 501999676103589888
it appears that he was
look you can post whatever you want but it's not going to convince me
there's not even a point to what you're saying anyway
😖
>we didn't have deflation
Oh I wonder why, couldn't be because you use FIAT currency could it lmao @agag
it seems to me like random comments to promote politicians or defend banks
you're saying that if we had a surplus to pay back debt then we would experience deflation, but when we did that that didn't happen
@Superwalter64 wyd
!
sex
!
@agag it did cause deflation
😳
you should look at the economies a little bit
hideo kojima undertale 2
and don't think I'm trying to promote clinton he was an ass
deflation and then inflation, that's the only way to keep the economy alive
just because he managed to do one good thing doesn't mean he wasn't an ass
it's just a big ol paradox
you might want to ask vril about this since he's an econ ba
We dindu nuffin
Israel is good boy
you see the reason why this happens is because the bank doesn't just loan out $9 when they have $10 when they have a reserve requirement of 10%. they create the money on top of that, which is how money gets "created" so to speak. so in reality if they loaned out $9 out of their initial $10 then they're really just creating $9 and now that money has entered circulation, but of course there's a catch, you have to pay back interest on that loan.
in fact if you have $10 in the bank then the bank can actually create $90 off of that deposit using the same method off of the money they created and then loaned
!
i don't understand thule in all honesty
@Mr. Dr. Professor. Vaughn ask vrill
@agag the western world, not Islamic countries (I wonder why they invade precisely those countries to "spread democracy")
he doesn't really make sense when talking about economics because of muh socialism
@Mr. Dr. Professor. Vaughn he's not a socialist
having a system like this feels familiar to playing russian roulette with all chambers loaded
look at all these UNSC resolutions