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

https://www.theatlantic.com/business/archive/2012/11/the-long-story-of-us-debt-from-1790-to-2011-in-1-little-chart/265185/

it appears that he was

look you can post whatever you want but it's not going to convince me

@calciferalt

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

https://twitter.com/ACTBrigitte/status/1051472974740643841

you might want to ask vril about this since he's an econ ba

Oy vey @Weissest

We dindu nuffin

Israel is good boy

@Weissest but I thought they rule the world?

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

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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