Message from @Snickers

Discord ID: 404826123126439959


2018-01-22 01:32:14 UTC  

a cia agent potentially competing against an intelligence leaker

2018-01-22 01:32:19 UTC  

what a world we live in

2018-01-22 01:32:41 UTC  

Meaning, if Manning gets elected in the primaries, she would be up against a CIA agent. So Manning would probably have the upper hand rofl

2018-01-22 01:33:18 UTC  

I think having Manning in the senate would be much more interesting than having some generic democrat in

2018-01-22 01:34:18 UTC  

Oh yeah definitely. Cardin is a shill to Israel and expanding NSA surveillance

2018-01-22 02:26:17 UTC  

@Snickers you say you're a leftist, I'm curious, what specific form of leftism do you believe in?

2018-01-22 02:27:14 UTC  

I said earlier I was socially and fiscally liberal

2018-01-22 02:27:48 UTC  

fiscally liberal as in a lot of programs, w/ more taxes?

2018-01-22 02:28:03 UTC  

liberal's a pretty broad term

2018-01-22 02:28:19 UTC  

a lot or more programs but less taxes and more government spending

2018-01-22 02:28:28 UTC  

taxes don't fund government spending

2018-01-22 02:28:37 UTC  

how would you offset the debt

2018-01-22 02:28:55 UTC  

whats wrong with the debt? what's wrong with the deficit for that matter

2018-01-22 02:29:25 UTC  

the interest rate the Fed puts on the debt increases as the deficit/debt gets larger

2018-01-22 02:29:48 UTC  

in a couple decades, interest on the debt is going to be one of the largest items of expenditure

2018-01-22 02:30:55 UTC  

this causes a pretty large budget crisis the further out we get, financial crises and the such

2018-01-22 02:31:27 UTC  

lmao didn't intend for this to turn into a debate

2018-01-22 02:32:42 UTC  

When interest rates go up, the government pays more into the debt by increasing the deficit. And because the federal deficit is private sector savings, it will stimulate the economy depending on who is holding the bonds

2018-01-22 02:34:01 UTC  

I don't think that's very sustainable though

2018-01-22 02:34:11 UTC  

seems a bit of a Keynes thing

2018-01-22 02:34:29 UTC  

Also with regard to the interest rates, we don't really know whether or not it will speed up or slow down the economy

2018-01-22 02:35:41 UTC  

I guess I would fall more towards Keynes, but I guess I would be a post-Keynesian, more specifically someone who follows MMT

2018-01-22 02:37:16 UTC  

I'm more of a per capita economic kind of guy

2018-01-22 02:38:00 UTC  

When I think about a program or something, I think: would this better the life of the average American or would they be better keeping their own money

2018-01-22 02:38:06 UTC  

Also with regard to whether or not a debt level is sustainable or not, just know that we can never go bankrupt with our own money, since we the US gov is the currency issuer, not the user.

2018-01-22 02:38:36 UTC  

of course, but devaluing and the such could become a problem

2018-01-22 02:39:24 UTC  

That's why we have taxes

2018-01-22 02:39:52 UTC  

One main function of taxes is to regulate our spending power

2018-01-22 02:41:31 UTC  

But regardless, if you mean "devaluing" as in inflation, then I think its a bit exaggerated

2018-01-22 02:41:39 UTC  

by what means

2018-01-22 02:43:16 UTC  

It's poorly understood is what I meant to say. Inflation isn't always caused by government spending

2018-01-22 02:43:44 UTC  

I would say unemployment is a way bigger problem tbh

2018-01-22 02:43:52 UTC  

well yeah, obviously the government isn't printing 3 trillion notes per year

2018-01-22 02:44:06 UTC  

it's velocity of spending

2018-01-22 02:44:14 UTC  

Right

2018-01-22 02:45:30 UTC  

I would agree with that; It would certainly cause an inflationary crises if we all just went and funded free college, medicaid, etc. in one night

2018-01-22 02:47:11 UTC  

The issue is that the US dollar is like a sort of lingua franca of currency for foreign investors, I don't think a lot of them would continue to use it if it were to be tampered with too much

2018-01-22 02:47:23 UTC  

Also, the issue of what people do with their savings

2018-01-22 02:47:33 UTC  

In general the government should be held responsible to avoid any price inflation when competing for scarce resources, but at the same time make sure we have decent living standards and full employment

2018-01-22 02:47:51 UTC  

100%

2018-01-22 02:48:42 UTC  

I think we ought to economically make it manageable for a family to have enough money to meet the standard of living of 4 people from one source of income