Message from @Superwalter64
Discord ID: 501999160657051648
banks only own 7%
Ben Shapiro is epic
Ben shapiro is just weird
Epic!
this breaks it down
banks own 7% of public debt not 7% of all debt I should've specified
@agag how does money get created (loaned out) in the first place? from banks. it's either a bank from the US or a bank elsewhere
it's loaned out in interest, it will end up back in the bank at the end of the day
yeah... that's how it works
if the government got a surplus of money to pay back the debt then the amount of money in circulation would definitely drop significantly due to loans not being loaned out and loans being payed back as well
and that is called what exactly? deflation
i've become woke on this
we had a budget surplus under clinton and it didn't cause deflation
did he pay back debt though? **hmmmmm**
there's still interest on the money you see
if that "interest" is payed off then money will leave the economy, that's what paying back debt does
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
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sex
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@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
just gotta keep breathing in and out
it's just a big ol paradox
you might want to ask vril about this since he's an econ ba